Social Security benefits will rise 3.6% in 2027, agency says
The Social Security Administration announced a 3.6% cost-of-living increase for 2027, the largest since 2023, with the average retirement benefit rising by roughly $70 to $75 a month depending on the outlet.
Social Security benefits will rise 3.6% in 2027, the Social Security Administration announced. The Hill reports the Trump administration made the announcement on Wednesday.
PBS NewsHour says the increase, which is based on inflation data, amounts to a little more than $900 next year. CBS News and The New York Times say it is the largest adjustment since 2023. The Hill says last year's was 2.8 percent.
Reports differ on the average monthly gain for retirees. The Hill, The Guardian and Al Jazeera put it at $75. NBC News, citing the agency, says about $70.
Nearly 72 million Social Security beneficiaries will see higher payments starting in January 2027, according to the agency, as reported by The Guardian and The Hill. About 7.3 million Supplemental Security Income recipients will get increased payments starting on 31 December 2026, The Guardian reports, citing the agency.
ABC News says the adjustment is meant to keep benefits in line with inflation. Before the announcement, CNBC reported that some people say the expected increase is not enough. The Guardian quotes an advocate who says seniors have spent years watching expenses outpace their benefits.
Reported by
- CNBCSocial Security cost-of-living adjustment for 2027 may be above average. Some say it's not enoughTue, Oct 13, 1:34 PM EDT
- CBS NewsSocial Security announces cost of living increase for 2027Wed, Oct 14, 9:28 AM EDT
- CNBCSocial Security Administration announces 3.6% cost-of-living adjustment for 2027Wed, Oct 14, 9:30 AM EDT
- NBC NewsSocial Security recipients will receive a 3.6% cost-of-living increase in 2027Wed, Oct 14, 9:35 AM EDT
- The New York TimesSocial Security COLA for 2027 Will Be 3.6%Wed, Oct 14, 9:38 AM EDT
- ABC NewsSocial Security Administration says cost-of-living adjustment will rise 3.6% in 2027Wed, Oct 14, 9:45 AM EDT
- The HillSocial Security COLA set to rise by 3.6 percent in 2027Wed, Oct 14, 10:32 AM EDT
- The HillThe 2027 Social Security COLA is here: When will benefits increase?Wed, Oct 14, 10:59 AM EDT
- The GuardianTrump administration promises social security recipients 3.6% increase in 2027Wed, Oct 14, 12:08 PM EDT
- Al JazeeraUS Social Security benefits to rise by 3.6 percent in 2027Wed, Oct 14, 12:10 PM EDT
- PBS NewsHourWhat is the Social Security COLA for 2027? Here's how it could affect youWed, Oct 14, 6:31 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (5)
- Wed, Oct 14, 12:51 PM EDT, 8 outlets: Social Security benefits will rise 3.6% in 2027, agency says
- Wed, Oct 14, 12:25 PM EDT, 7 outlets: Social Security benefits will rise 3.6% in 2027, agency says
- Wed, Oct 14, 11:05 AM EDT, 6 outlets: Social Security benefits will rise 3.6% in 2027, agency announces
- Wed, Oct 14, 9:55 AM EDT, 5 outlets: Social Security benefits will rise 3.6% in 2027, agency says
- Wed, Oct 14, 9:35 AM EDT, 2 outlets: Social Security benefits to rise 3.6% in 2027