{
  "id": 16301826,
  "title": "The 2027 Social Security COLA Is Official. Here’s the Average Benefit at Every Age From 62 to 70.",
  "url": "https://urgent.news/2026/10/24/the-2027-social-security-cola-is-official-heres-the-average-benefit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T08:26:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/retirement/2026/10/24/the-2027-social-security-cola-is-official-here-s-the-average-benefit-at-every-claiming-age-from-62-to-70/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "The Social Security Administration (SSA) has announced a 3.6% cost-of-living adjustment (COLA) effective in January 2027, marking the largest increase since 2023. This adjustment affects beneficiaries' benefits differently depending on their age, with the largest impact on those close to full retirement age of 67. The average Social Security benefit increases by $52.25 per month ($627 annually) for a 62-year-old and by $81.54 per month ($978.48 annually) for a 70-year-old.\n\nThe COLA is calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures inflation among households primarily composed of wage earners and clerical workers. However, the CPI-W may not always accurately reflect overall inflation, as it primarily considers the expenditures of a specific subset of the population.\n\nWhile the 2027 COLA may help offset some of the increased costs for seniors, it may not be sufficient to fully cover their rising expenses. Additionally, the increased benefits will not be available in time to address the immediate financial pressures many retirees are already facing.",
  "summary": "Social Security’s biggest raise in years is here, but it may be too little and too late for many retirees.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Here's the Average Social Security Benefit at Age 67",
        "url": "https://urgent.news/2026/10/23/heres-the-average-social-security-benefit-at-age-67-16202404",
        "published": "2026-10-23T16:20:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}