Social Security Administration projects 3.6% cost-of-living adjustment for 2027
What happened
The Social Security Administration has projected a 3.6% cost-of-living adjustment for older adults and people with disabilities, set to take effect in 2027.
This adjustment is expected to provide an average increase of $75 per month to nearly 72 million Social Security recipients.
Why it matters
Some recipients have expressed concern that the 3.6% increase will be insufficient to offset rising prices.
Context
Social Security benefit adjustments are indexed to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
The consumer price index is a statistical tool used to track inflation and the cost of living by measuring the weighted average price of a market basket of consumer goods and services over time.
Sources 3 sources
This briefing cites 1 publisher across 1 detected independent reporting stream. Some cited articles appear to be syndicated or near-duplicate coverage, so they are not counted as separate corroboration.
- The Daily Gazette Social Security recipients to get 3.6% cost of living boost, an average of $75 per month Detected as syndicated or near-duplicate coverage.
- Wikipedia Consumer price index in the United States Background reference · Wikipedia text used under CC BY-SA 4.0.
- Wikipedia Consumer price index Background reference · Wikipedia text used under CC BY-SA 4.0.