Social Security Administration announces 3.6% cost-of-living adjustment for 2027
The increase will raise average retirement checks by about $75 a month, but rising Medicare premiums may reduce part of the gain.
- On Wednesday, October 14, 2026, the Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, affecting more than 76 million Americans. This annual adjustment aims to help beneficiaries manage rising prices for essential goods and services.
- The 3.6% figure derives from the Consumer Price Index for Urban Wage Earners and Clerical Workers , which tracked average price changes from July through September 2026. This metric measures inflation across a basket of goods purchased by workers.
- Retirees will receive an average monthly payment increase of $75 in 2027. The projected Medicare Part B premium increase of just $6.60 suggests many seniors may retain more of this year's COLA than in recent years.
- Senior advocacy groups argue this adjustment fails to restore lost purchasing power. AARP CEO Myechia Minter-Jordan noted that one in five older Americans lacks retirement savings, intensifying financial insecurity amid persistent inflation.
- Without legislative reform, the Old Age and Survivors Insurance Trust Fund faces depletion by 2032. Experts warn this could trigger a 22% payment cut for beneficiaries, a long-standing concern for the system's long-term viability.
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Military retirees get a 3.6% raise in 2027: Here’s when the bigger check arrives
With the cost-of-living adjustment, or COLA, for 2027 coming in at 3.6%, many military retirees will see that level of increase in their pension. That is an improvement over the 2.8% raise for this year.
SHREVEPORT, La. — Millions of Americans receiving Social Security benefits will see a larger monthly check next year following the announcement of a 3.6% cost-of-living adjustment for 2027. During a recent interview, Bill Sweeney, senior vice president of government affairs for…
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