2027 Social Security COLA Increase Details

In 2027, millions of Americans receiving Social Security or Supplemental Security Income are expected to see an estimated 3.5% increase in their monthly benefits due to the annual cost of living adjustment (COLA). The final COLA figure will be announced on October 14, based on September inflation data, and the new rates will apply to benefits paid starting in January 2027. This increase will affect retirement, survivor, disability, and SSI payments, with the average retiree’s benefit rising by approximately $73.

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