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- Social Security announces 2027 cost of living boost for recipients
The Social Security Administration projects a 3.6% cost-of-living adjustment (COLA) starting in 2027, worth about $75 extra a month for nearly 72 million Social Security beneficiaries and about 7.3 million people on Supplemental Security Income. Some recipients say it won’t keep up with prices, as CPI rose 3.7% in September from a year earlier and gas prices spiked after renewed U.S.-Iran fighting; AARP noted most people 50 and older doubt a 3.5% COLA would keep pace. The June 2026 trustees’ report projects the combined trust funds unable to pay full benefits from 2034, when incoming revenue would cover about 83% of scheduled benefits. Senators Warren and Moreno have proposed lifting the payroll tax cap, which is set to rise to $192,300 in 2027 from $184,500 in 2026.
- Social Security announces 2027 cost of living boost for recipients
The Social Security Administration projected a 3.6% cost-of-living adjustment for 2027, adding $75 a month for nearly 72 million Social Security beneficiaries and about 7.3 million Supplemental Security Income recipients. Some older adults say this will not keep pace with inflation, which rose 3.7% in September from a year earlier, and with gas prices spiking after renewed U.S.–Iran fighting. Healthcare costs are also set to rise as a temporary Medicare Part D premium subsidy ends at year's end, and an AARP poll from September found about three-quarters of people 50 or older disagreed that a 3.5% COLA would keep up with prices. The trustees' June 2026 report projects combined trust funds will be unable to pay full benefits from 2034, when incoming revenue would cover about 83% of scheduled benefits. Senators Warren and Moreno have proposed lifting the payroll tax cap, which the Peterson Foundation estimates could add roughly $3 trillion over the next 10 years.
- Social Security recipients to get 3 . 6 % cost of living boost , an average of $75 per month
- Social Security recipients to get 3.6% cost-of-living boost, an average of $75 per month
The Social Security Administration projects a 3.6% cost-of-living adjustment from 2027, adding about $75 per month for nearly 72 million benefit recipients and about 7.3 million Supplemental Security Income beneficiaries. Many recipients say this is not enough, as the consumer price index rose 3.7% in September from a year earlier and gas prices spiked amid renewed fighting between the US and Iran. Some retirees worry that Medicare Part D premiums and drug costs will rise once a temporary subsidy program ends, and an AARP poll found about three-quarters of those 50 and older disagreed that a 3.5% COLA in 2027 would keep up with prices. The June 2026 trustees' report projects that Social Security's combined trust funds will be unable to pay full benefits starting in 2034, when incoming revenue would cover about 83% of scheduled benefits. Senators Warren and Moreno have proposed lifting the payroll tax cap to raise revenue.
- Social Security Recipients Will Receive a Cost - of - Living Adjustment
- Social Security Administration announces 3.6% cost-of-living adjustment for 2027
The Social Security Administration said the 2027 cost-of-living adjustment (COLA) will be 3.6%, raising retirement benefits by about $75 per month on average. The increase covers 76 million Americans, with around 72 million seeing it in January, and about 7.3 million SSI beneficiaries receiving higher payments starting Dec. 31. The 3.6% figure matches experts' projections of 3.5% to 3.6% and is the largest increase since 2023, when benefits rose 8.7%. The announcement came as new government data showed consumer prices accelerating, with the CPI up 3.7% over the past 12 months as gas prices jumped.
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