Social Security Announces 3.6% COLA Increase for 2027
Macro·5 articles across 5 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
The Social Security Administration has announced a 3.6% cost-of-living adjustment (COLA) for 2027, aimed at helping approximately 68 million beneficiaries keep pace with inflation. This adjustment will result in an average monthly benefit increase of $75 for recipients.
This COLA is noted to be the largest since 2023, reflecting ongoing inflationary pressures. Social Security Administration commissioner Frank Bisignano expressed confidence in the program's longevity, stating it is expected to continue for another 90 years.
Social Security Administration
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“The increase is aimed at helping about 68 million beneficiaries keep pace with inflation.”
MarketWatch — Social Security's COLA will be 3.6% in 2027 as inflation persists“The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027.”
business insider — Social Security recipients will get a 3.6% cost-of-living increase in 2027“The numbers are out for the Cost-of-Living Adjustments for Old-Age, Survivors, and Disability Insurance and Supplemental Security Income.”
wolf street — The Social Security COLA for 2027 Will Be Largest since 2023“Frank Bisignano says he anticipates the federal government program will continue to exist for “another 90 years.””
fast company — Social Security checks: Commissioner Frank Bisignano made a surprising prediction for monthly benefits as COLA 2027 increase looms
SupportCorroborates it
“Social Security is raising benefits 3.6% in 2027”
quartz — Social Security is raising benefits 3.6% in 2027
Earlier versions
- Oct 14, 1:38 PM — Social Security COLA Set at 3.6% for 2027 as Inflation Persists (3/3)