Social Security benefits and Supplemental Security Income (SSI) payments for 76 million Americans will increase 3.6 percent in 2027. On average, Social Security retirement benefits will increase by about $75 per month starting in January.
Nearly 72 million Social Security beneficiaries will see a 3.6 percent cost-of-living adjustment (COLA) beginning in January 2027. Increased payments to about 7.3 million people receiving SSI will begin on December 31, 2026.