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Millions of Americans will receive more money in federal benefits starting in 2027: the Social Security Administration (SSA) confirmed that the annual cost-of-living adjustment (known as COLA) will be 3.6%, aimed at offsetting the impact of inflation on beneficiaries' income. How much extra money will they receive? Learn the exact figure of the increase.
The increase was announced on October 14, 2026, and will apply to Social Security benefits, including retirement, survivors, and disability payments. There will also be an adjustment for those enrolled in the Supplemental Security Income (SSI) program.
According to the SSA, nearly 72 million Social Security beneficiaries will receive the increase in January 2027, while about 7.3 million people who receive SSI will begin to see the new amount on December 31, 2026.
How much will the Social Security increase be in 2027?
The SSA estimates that the average monthly payment will see an increase of 75 dollars.
When will the 2027 Social Security increase arrive?
The exact date each beneficiary receives their money will depend on the usual payment schedule and the rules applicable to their case; however, the amount is expected to be reflected in January 2027.
Conversely, people who receive the SSI program will begin to receive the updated amount on December 31, 2026, due to the program's payment schedule.
Why does Social Security in the United States increase every year?
The COLA is the annual cost-of-living adjustment that seeks to prevent the purchasing power of benefits from being reduced due to inflation. The Social Security Administration calculates the adjustment based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Do I have to apply for the Social Security increase for 2027?
No, because the cost-of-living adjustment is automatically applied to eligible benefits. Beneficiaries do not need to submit a new application to receive the increase.
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