Social Security Administration Formally Announces 3.6% Cost-of-Living Benefit Increase for 2027
The Social Security Administration (SSA) has confirmed a 3.6% cost-of-living adjustment (COLA) for 2027, increasing monthly payments for millions of retirees and other beneficiaries. Announced on 14 October 2026, the increase exceeds the 2.8% adjustment introduced in 2026. The SSA says average retirement benefits will rise…