The Social Security Administration said Wednesday that the annual cost-of-living adjustment for older adults and people with disabilities will go up by 3.6% beginning in 2027, according to a report by the Associated Press.
The report said the cost-of-living adjustment means an extra $75 per month for people who receive monthly Social Security benefits and those who receive Supplemental Security Income.
The Social Security Administration’s announcement comes as high inflation continues to place upward pressure on the budgets of homes and businesses.
The Labor Department announced Wednesday that inflation rose 3.7% in September over the same month in 2025.
