Social Security benefits to rise 3.6% in 2027 with the annual cost-of-living adjustment
Summary
Social Security recipients will get a 3.6% cost-of-living adjustment in 2027, NBC News and ABC News reported on Wednesday 14 October, citing the Social Security Administration, which announced the adjustment after Wednesday's September inflation report, according to Business Insider. ABC News and the LA Times put the increase at an average of $75 per month, a figure Business Insider attributes to AARP calculations, while NBC News said individual retirement benefits will climb an average of about $70 per month, citing the Social Security Administration. Business Insider said the increase is higher than the 2026 increase of 2.8%, and Fortune said the adjustment comes as inflation hits 3.7% and older Americans struggle with rising healthcare, grocery and gas bills.
Latest: The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, an average of $75 per month according to ABC News and the LA Times, about $70 for individual retirement benefits according to NBC News.
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How it unfolded
Wednesday 14 October
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, an average of $75 per month according to ABC News and the LA Times, about $70 for individual retirement benefits according to NBC News.
- 13:19Fortune‘A pittance’: Social Security benefits will rise 3.6% in 2027, about $75 a month for the average retiree, but some say it’s not enough
- 10:41LA TimesSocial Security recipients to get 3.6% cost of living boost, an average of $75 per month
- 10:35ABC NewsSocial Security recipients to get 3.6% cost of living boost, an average of $75 per month
- 09:36Business InsiderSocial Security recipients will get a 3.6% cost-of-living increase in 2027
- 09:35NBC NewsSocial Security recipients will receive a 3.6% cost-of-living increase in 2027