Trump administration promises social security recipients 3.6% increase in 2027
Summary
The Social Security Administration announced a 3.6% cost-of-living raise in 2027 for nearly 72 million Social Security recipients and 7.3 million Supplemental Security Income (SSI) recipients. This increase, averaging about $75 more per month, aims to help keep up with rising prices as inflation remains high in the United States.Key Facts
- Social Security benefits will increase by 3.6% starting January 2027.
- About 72 million Social Security recipients will get higher payments.
- Around 7.3 million SSI recipients will see increased payments from December 31, 2026.
- Inflation in the US rose to 3.7% in September 2026, the highest since May 2023.
- Prices for gasoline, fuel oil, and air travel have increased significantly.
- The cost-of-living raise may not fully cover rising expenses like healthcare and housing, especially for seniors.
- A Pew Research survey found 44% of Americans struggled to afford basic needs in the past year.
- Economic inequality is a concern for 61% of Americans, with more Democrats expressing this view than Republicans.
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