Social Security COLA set to rise by 3.6 percent in 2027

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Today's top stories - October 14, 2026

Today's top stories - October 14, 2026

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 million Social Security beneficiaries, who received an average benefit of nearly $1,942 in August, the SSA reported.

It will also take effect for the 7.3 million people who receive Supplemental Security Income, 2.5 million of whom also receive Social Security benefits. The average SSI payment was about $738 in August, per the SSA.

The SSA released its COLA for 2027 after the Bureau of Labor Statistics released inflation data for September, as measured by the consumer price index (CPI). Annual inflation was 3.7 percent in September, up from........

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