Social Security Administration Announces 3.6% Cost-of-Living Adjustment for 2027

The Social Security Administration announced a 3.6% cost-of-living adjustment in September, raising the average monthly benefit by approximately $75 to $2,170 starting with December payments and January disbursements. This increase reflects inflation data from July through September, marking the highest annual adjustment in four years while nearly 72 million beneficiaries receive higher funds beginning next month.