Social Security Administration Announces 3.6% Cost-of-Living Adjustment for 2027
The Social Security Administration has announced a 3.6% cost-of-living adjustment (COLA) for 2027. While this increase is above the historical average of the last 50 years, it is expected to add approximately $75 per month—or roughly $900 annually—to the typical retirement benefit. For retirees whose expenses outpace this adjustment, financial experts suggest several mitigation strategies. These include increasing withdrawals from personal retirement savings, seeking part-time employment to supplement income, or applying for supplemental government assistance programs for housing, utilities, and healthcare.
Topics: Cost-of-Living Adjustment (COLA) Inflation Retirement Planning Social Security