Social Security recipients will get a 3.6% cost-of-living increase in 2027
Source: Business Insider ·
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027. Average monthly checks for beneficiaries will increase by $75.
From the source
Social Security beneficiaries will see their monthly checks increase in 2027.Abdullah Durmaz/Getty ImagesSocial Security benefits will increase by 3.6% in 2027, following the latest inflation adjustments.The SSA's annual cost-of-living raise means the average monthly check will be $75 larger.Over half of retirees rely on Social Security as their primary income, according to an AARP survey.Older Americans just learned how much to expect in monthly Social Security checks next year.The Social Security Administration announced its latest cost-of-living adjustment on the heels of Wednesday's September inflation report. SSA beneficiaries, who are mostly 65 and older, are now set to receive a 3.6% raise in their benefits in 2027.That's higher than the 2026 increase of 2.8% and will amount to a $900 annual boost for recipients, according to AARP calculations — an average monthly check increase of $75.The consumer price index, which tracks how much prices have changed, is key in determining…
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