What is the Social Security COLA for 2027? Here's how it could affect you
Summary
Social Security payments will go up by about $76 a month for the average retired worker in 2027. This increase is called the cost-of-living adjustment (COLA) and it is set each year based on inflation.Key Facts
- Social Security checks will increase by roughly $76 per month in 2027 for average retirees.
- The increase is called the cost-of-living adjustment (COLA).
- The 2027 COLA is 3.6%.
- The percentage is based on inflation data from the previous year.
- The total extra money amounts to just over $900 for the full year.
- The Social Security Administration announces the COLA every fall.
- The COLA helps benefits keep up with rising prices.
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