Social Security Administration Announces 3.6 Percent Benefit Increase for 2027

The Social Security Administration (SSA) announced a 3.6 percent cost-of-living adjustment (COLA) for 2027, which will result in an average increase of $75 per month for Social Security retirement benefits. This adjustment will affect nearly 72 million Social Security beneficiaries starting in January 2027, with increased payments for Supplemental Security Income (SSI) recipients beginning on December 31, 2026.