Social Security Administration says cost-of-living adjustment will rise 3.6% in 2027
Also reported by CBS News
Summary
The Social Security Administration announced that Social Security benefits will increase by 3.6% starting in January 2027. This increase helps benefits keep up with rising living costs.Key Facts
- Social Security benefits will rise by 3.6% in January 2027.
- The increase affects more than 70 million Social Security recipients.
- This adjustment is called the cost-of-living adjustment, or COLA.
- COLA is designed to match benefit amounts with inflation to maintain purchasing power.
- The announcement was made by the Social Security Administration.
- The update was shared on October 14, 2026.
- This change ensures that benefits keep pace with the rising cost of goods and services.
