From Inc · · 1m 20s
Social Security Raises for 72 Million Americans in 2027
Social Security beneficiaries get 3.6% COLA boost in 2027, raising monthly checks by $75.
In brief
Social Security beneficiaries get 3.6% COLA boost in 2027, raising monthly checks by $75. 72 million Americans receive larger Social Security checks starting January 2027 due to a 3.6% COLA increase. Originally reported by Inc.
Social Security Administration Announces 2027 COLA
The Social Security Administration announced a 3.6 percent COLA increase for 2027, boosting average monthly checks by $75 for 72 million Americans.
72 Million Americans Receive Larger Checks
Nearly 72 million Social Security beneficiaries will see this cost-of-living adjustment, also called a COLA, starting in January 2027.
2027 COLA Follows 2026 Increase
The 3.6 percent COLA increase follows a 2.8 percent increase in 2026.
Average Monthly Increase of $75
The increase in 2027 Social Security payments will amount to an average of $75 a month, the SSA said.
SSI Beneficiaries Get Additional Boost
About 7.3 million SSI beneficiaries will receive increased payments beginning December 31.
Earnings Limits Increase for 2027
The maximum earnings subject to Social Security tax will increase to $192,300 and the earnings limit for workers younger than retirement age will rise to $25,560.
Beneficiaries Can View COLA Notices
Individuals with personal my Social Security accounts can view their COLA notices online starting in late November.
At a glance
72 million Americans receive larger Social Security checks starting January 2027 due to a 3.6% COLA increase.
