Social Security Confirms 3.6% Cost-of-Living Raise for 76 Million Americans Starting January 2027

The Social Security Administration has confirmed a 3.6% cost-of-living adjustment for 2027, affecting 76 million Americans (Credit: Yoshi Canopus/Wikimedia Commons CC BY-SA 4.0)

Retirees, disabled workers and other Social Security beneficiaries will receive a 3.6% cost-of-living increase in 2027, affecting 76 million Americans. Average retirement benefits will rise by about $75 (£56.56) a month from January.

The Social Security Administration (SSA) announced the adjustment on Wednesday, 14 October. Nearly 72 million Social Security beneficiaries will receive higher payments in January 2027, while increased payments for about 7.3 million Supplemental Security Income (SSI) recipients will begin on 31 December 2026.