US retirees to receive 3.6% Social Security increase in 2027
SPY•About 76 million Americans receiving Social Security and Supplemental Security Income will get a 3.6% increase in monthly benefits in 2027, up from 2.8% in 2026.
1. Annual benefit adjustment
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027 after September’s CPI-W rose 3.9% year over year and averaged about 3.6% from July through September. The adjustment takes effect in January for 72 million Social Security recipients and on December 31, 2026, for nearly 7.3 million SSI beneficiaries; some people receive both benefits.
2. Inflation backdrop
The main CPI index rose 3.7% in September, up from 3.4% in August. The article cites global energy market disruptions after the US and Israel attacked Iran, and rising refined petroleum product prices, as contributors to inflationary pressures.
