Social Security recipients will get a 3.6% cost-of-living increase in 2027
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027. Average monthly checks for beneficiaries will increase by $75.
In 2027, Social Security beneficiaries will experience a 3.6% cost-of-living increase, according to the Social Security Administration (SSA). The average monthly check will rise by $75, marking a significant increase compared to the 2.8% raise in 2026. This adjustment is based on the consumer price index, which measures price changes for urban wage earners and clerical workers over the third quarter of the year compared to the same period last year.
Over half of retirees rely on Social Security as their primary income, with an AARP survey revealing that 82% of heavily-reliant recipients use it to cover basic expenses. However, the increase might not fully cover the financial gap, as the number of older Americans slipping into poverty has risen despite the program's role in preventing it.
The SSA will notify beneficiaries about their new benefits via its online portal in November, but concerns remain about the program's long-term sustainability due to funding constraints that could lead to full benefit payments halting at the end of 2032.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
