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Politics · October 14, 2026

Social Security recipients to get cost of living boost — here’s how much more you’ll receive each month

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The Social Security Administration has announced a 3.6% cost-of-living adjustment (COLA) for 2027, affecting over 70 million recipients. This increase, averaging approximately $75 per month, is the largest since 2022 and is calculated based on third-quarter inflation data. The adjustment is primarily driven by rising prices for gasoline and energy linked to international conflicts. While the SSA states the increase provides 'greater financial stability,' various advocacy groups and beneficiaries argue the boost is insufficient to cover rising healthcare, housing, and food costs, especially as the Social Security trust fund faces a projected insolvency date in the mid-2030s.

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Neutral Summary

The Social Security Administration has announced a 3.6% cost-of-living adjustment (COLA) for 2027, affecting over 70 million recipients. This increase, averaging approximately $75 per month, is the largest since 2022 and is calculated based on third-quarter inflation data. The adjustment is primarily driven by rising prices for gasoline and energy linked to international conflicts. While the SSA states the increase provides 'greater financial stability,' various advocacy groups and beneficiaries argue the boost is insufficient to cover rising healthcare, housing, and food costs, especially as the Social Security trust fund faces a projected insolvency date in the mid-2030s.

The Social Security Administration has announced a 3.6% cost-of-living adjustment (COLA) for 2027, affecting over 70 million recipients. This increase, averaging approximately $75 per month, is the largest since 2022 and is calculated based on third-quarter inflation data. The adjustment is primarily driven by rising prices for gasoline and energy linked to international conflicts. While the SSA states the increase provides 'greater financial stability,' various advocacy groups and beneficiaries argue the boost is insufficient to cover rising healthcare, housing, and food costs, especially as the Social Security trust fund faces a projected insolvency date in the mid-2030s.