The Social Security Administration has confirmed a 3.6 percent cost-of-living adjustment for 2027, marking a higher increase than the 2.8 percent rise implemented the previous year. Recipients of retirement benefits can expect an average monthly boost of $75 under the new adjustment, which also extends to other Social Security payments. The annual COLA, tied to inflation rates, aims to help beneficiaries keep pace with rising living costs. The latest adjustment affects tens of millions of Americans relying on these payments for financial support.
Social Security benefits will increase by 3.6 percent in 2027, the Trump administration announced Wednesday. With the latest cost of living adjustment (COLA), Social Security retirement benefits will increase by $75 per month on average, according to the Social Security Administration (SSA). Last year’s COLA was 2.8 percent. The COLA applies to the nearly 72...
