Social Security Benefits to Increase by 3.6% in 2027
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The Social Security Administration (SSA) has announced a 3.6% cost-of-living adjustment (COLA) for 2027, the largest increase since 2023. This means that the average retired worker will receive approximately $75 more per month. The increase will affect over 71 million beneficiaries and is the fifth highest in the last 35 years. The COLA will be applied to benefits starting in January 2027, with some exceptions for SSI payments.
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The nation’s 76 million Social Security recipients will see a 3.6% cos...
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