Business & Finance
Social Security benefits to rise 3.6% in 2027, agency says
The Social Security Administration says the adjustment will raise the average payment by about $75 a month starting in January.
The short version
- The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027.[CBS News]
- The average monthly payment is set to rise by roughly $75, to about $2,170, starting in January.[CBS News]
- Commissioner Frank Bisignano said the adjustment should give recipients more financial stability.[Associated Press]
- The maximum earnings subject to Social Security payroll tax rises to $192,300 in 2027 from $184,500 in 2026.[Associated Press]
Key facts
- The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027.[CBS News]
- The average Social Security payment will rise by roughly $75, to about $2,170 a month, starting in January.[CBS News]
- Commissioner Frank Bisignano said the adjustment should give recipients more financial stability.[Associated Press]
- The maximum earnings subject to Social Security payroll tax will rise to $192,300 in 2027 from $184,500 in 2026.[Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Social Security announces cost-of-living increase for 2027CBS News - Top Stories
- Social Security recipients to get 3.6% cost of living boost, an average of $75 per monthAssociated Press · Wire: associated-press
- Social Security recipients to get 3.6% cost of living boost, an average of $75 per monthABC News - US News
- Social Security Recipients Will Get a Cost-of-Living Boost Next YearThe Washington Sun
- Trump administration promises social security recipients 3.6% increase in 2027The Guardian - US
- US Social Security benefits to rise by 3.6 percent in 2027Al Jazeera