Trump administration promises social security recipients 3.6% increase in 2027

‘Seniors have spent years watching their expenses outpacing their benefits’ advocate says Social security recipients will see a 3.6% cost-of-living adjustment (Cola) in 2027, increasing retirement benefits by an average of $75 per month as millions of Americans continue to grapple with rising prices. Nearly 72 million social security beneficiaries will see higher payments beginning in January 2027, while approximately 7.3 million supplemental security income (SSI) recipients will receive increased payments starting on 31 December 2026, according to the Social Security Administration. Continue reading...