US Social Security Increase May Reach 3.6% in 2027
New inflation data suggests a bigger Social Security increase for 2027. Prices rose 0.4% from July.
They rose 3.4% compared to last year. Energy prices were a big reason for the rise.
Estimates suggest a cost-of-living adjustment between 3.5% and 3.6%. The organization AARP projected a 3.6% increase.
The 2027 adjustment has not been finalized yet. If AARP's estimate holds this would be the biggest increase since 2023.
Klear Note — Social Security’s cost-of-living adjustment, or COLA, changes benefits as prices rise.
Key Terms 3
- Social Security US government program giving monthly payments to retirees and disabled people.
- cost-of-living adjustment Yearly increase in benefits to match rising prices.
- AARP A large US organization that supports older Americans.