Social Security benefits will rise by 3.6% in 2027 under the latest cost-of-living adjustment announced by the Trump administration. The SSA said the average retirement benefit will increase by $75 a month.
01Summary
- 01The Trump administration announced on Wednesday that Social Security benefits will rise by 3.6% in 2027.
- 02The Social Security Administration said the average retirement benefit will increase by $75 per month.
- 03Last year’s cost-of-living adjustment was 2.8%.
- 04The adjustment applies to nearly 72 million people, according to the description.
02Why it matters
The increase will affect tens of millions of Social Security recipients and will slightly lift monthly income for retirees and other beneficiaries. It also signals how inflation is feeding into future benefit payments.
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