Social Security benefits to rise 3.6% in January 2027

The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, the largest since 2023, affecting 76 million retirement and disability recipients. The change, calculated from third-quarter Consumer Price Index data, will raise the average retiree's benefits by about $900 a year, or $75 a month. The taxable earnings cap will also rise, from $184,500 to $192,300.