Social Security COLA set to rise by 3.6 percent in 2027

Social Security benefits will increase by 3.6 percent in 2027, the Trump administration announced Wednesday. With the latest cost of living adjustment (COLA), Social Security retirement benefits will increase by $75 per month on average, according to the Social Security Administration (SSA). Last year’s COLA was 2.8 percent. The COLA applies to the nearly 72...

Social Security benefits will increase by 3.6 percent in 2027, the Trump administration announced Wednesday. With the latest cost of living adjustment (COLA), Social Security retirement benefits will increase by $75 per month on average, according to the Social Security Administration (SSA). Last year’s COLA was 2.8 percent. The COLA applies to the nearly 72...