Social Security Administration Announces 3.6% Benefit Increase for 2027

The Social Security Administration (SSA) has announced a 3.6 percent cost-of-living adjustment (COLA) for Social Security beneficiaries, set to begin in January 2027. Increased payments for approximately 7.3 million Supplemental Security Income (SSI) recipients will start on December 31, 2026. This adjustment will impact nearly 72 million Social Security beneficiaries, providing greater financial stability.