Social Security to raise 2027 benefits by 3.6%
The Social Security Administration announced a 3.6% cost‑of‑living adjustment for 2027, boosting average monthly retirement benefits by about $75 for nearly 72 million recipients.
Key points
- SSA announced a 3.6% COLA for 2027.
- Average benefit increase is about $75 per month.
- Nearly 72 million recipients will receive the raise.
- Payments begin with the December 2026 benefit period.
- Deposits will occur between late December 2026 and late January 2027, depending on program and birth date.
The Social Security Administration (SSA) has officially announced a 3.6% Cost‑of‑Living Adjustment (COLA) for 2027.
The adjustment will raise the average retirement benefit by about $75 per month.
Nearly 72 million Social Security recipients will see the increase.
The new COLA takes effect with the December 2026 benefit period, and the higher payments will be deposited between late December 2026 and late January 2027, depending on the program and birth date.
Your questions, answered
When will the 2027 COLA take effect?
The 2027 COLA takes effect with the December 2026 benefit period.
How much will the average benefit increase?
The average retirement benefit will increase by about $75 per month.
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