Social Security benefits will increase by 3.6 percent in 2027, a jump from the 2.8 percent cost-of-living adjustment provided this year, the Social Security Administration announced Wednesday.
Monthly benefits for nearly 72 million recipients are set to increase by an average of $75 for all retirees beginning in January, the agency said. Increased payments to about 7.3 million Supplemental Security Income recipients are set to begin on Dec. 31 this year.
