Business32 sources

Social Security Announces 3.6% COLA for 2027

  • Social Security benefits will increase by 3.6% in 2027, the largest adjustment since 2023.
  • The increase is expected to benefit over 68 million retirees and other beneficiaries.
  • The monthly increase amounts to approximately $75, helping to offset rising living costs.
  • The COLA is driven by persistently high inflation rates.
  • The adjustment is set to take effect in January 2027.