Social Security Administration announces 3.6% cost-of-living adjustment for 2027

The Social Security cost-of-living adjustment will be 3.6% in 2027, the Social Security Administration said Wednesday. The cost-of-living adjustment, or COLA, provides an annual inflation adjustment to both Social Security and Supplemental Security Income, or SSI, benefits. Social Security retirement benefits will increase by $75 per month on average, the agency said. "Social Security will implement this cost-of-living adjustment for 76 million Americans, giving them greater financial stability," Social Security Commissioner Frank Bisignano said in a statement.