The 2027 Social Security COLA is here: When will benefits increase?

(NEXSTAR) – Retirees and those who receive Supplemental Security Income from the Social Security Administration now know just how much their benefits will increase next year.

The Social Security Administration on Wednesday announced a 3.6 percent cost-of-living adjustment, or COLA, for its beneficiaries in 2027. It’s the largest hike in four years and one of the largest since 2000.

On average, beneficiaries will see their monthly retirement benefits increase by about $75 a month, the SSA said.

The Social Security Administration’s annual COLAs are designed to help Social Security and Supplemental Security Income (SSI) recipients retain their buying power amid rising inflation. These increases, which are issued annually, are determined using the Bureau of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which........

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