Social Security to raise benefits by 3.6% in 2027
The short version
The Social Security Administration announced a 3.6% cost‑of‑living adjustment for 2027, raising monthly benefits by an average of $75 for about 72 million retirees. The increase will take effect in January 2027.
The Social Security Administration announced a 3.6% cost‑of‑living adjustment for 2027.8,6,4 The adjustment will raise monthly retirement benefits by an average of $75.6,4 The increase applies to about 72 million beneficiaries.9,4
Supplemental Security Income recipients will receive a 3.6% increase starting 31 December 2026.9 The 2027 COLA is the largest since 2023.5 The adjustment is intended to help beneficiaries keep pace with inflation.10,3
The 2026 consumer price index rose 3.7% from a year earlier.1 The 2027 COLA follows a 2.8% increase in 2026.4 The announcement was made on Wednesday, 14 October 2026.8,6,4
The adjustment will be applied to payments beginning in January 2027.9,6 The change is part of the Trump administration’s policy.9,4 The Social Security Administration said the COLA will help keep benefits in line with rising prices.3
The average increase reported by NBC was $70 per month.2 The number of beneficiaries reported by MarketWatch was 68 million.7 The Social Security Administration’s announcement was made via a press release.8,6,4
“Seniors have spent years watching their expenses outpacing their benefits”
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This account was written from the 10 reports listed below, filed by 10 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.
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