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Social Security Administration Announces 3.6% Cost-of-Living Adjustment (COLA) for 2027

The Motley Fool +1 ·

  1. 1The Social Security Administration announced a 3.6% Cost-of-Living Adjustment (COLA) for 2027.
  2. 2This is higher than the 2.8% Cost-of-Living Adjustment (COLA) announced this past January.
  3. 3With the 3.6% COLA, the expected monthly increase for the average recipient is $75.

So what's the key point?

The Social Security Administration decided to increase pension payments by 3.6 percent to match inflation in 2027. Recipients will receive an additional $75 every month.

Source The Motley Fool +1 · View original ↗

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