EXECUTIVE SUMMARY
Social Security benefits will rise by 3.6% in 2027, giving over 70 million Americans an average monthly boost of $75 to combat inflation.
The cost-of-living adjustment ensures benefits keep pace with inflation.
Social Security benefits will increase 3.6% beginning in January for more than 70 million recipients, the Social Security Administration (SSA) said on Wednesday.
The cost-of-living adjustment for 2027, known as COLA, came in markedly higher than the prior year's hike of 2.8%.