The Aporia
Wile, R. (2026, October 14). Social Security recipients will receive a 3.6% cost-of-living increase in 2027. NBC News. https://www.nbcnews.com/business/personal-finance/social-security-cola-2027-increase-rcna603284
Wile, Rob. “Social Security recipients will receive a 3.6% cost-of-living increase in 2027.” NBC News, 14 Oct. 2026, https://www.nbcnews.com/business/personal-finance/social-security-cola-2027-increase-rcna603284.
Wile, Rob. “Social Security recipients will receive a 3.6% cost-of-living increase in 2027.” NBC News, October 14, 2026. https://www.nbcnews.com/business/personal-finance/social-security-cola-2027-increase-rcna603284.
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Social Security recipients will receive a 3.6% cost-of-living adjustment (COLA) in 2027, increasing monthly benefits by an average of $75, according to the Social Security Administration (SSA). This adjustment affects more than 70 million beneficiaries and nearly 7.5 million recipients of Supplemental Security Income (SSI), with payments beginning in January 2027 for most beneficiaries and on December 31, 2026, for SSI recipients. Despite the increase being described as one of the largest this decade, advocates argue that it still falls short given rising costs such as healthcare and housing expenses. The Senior Citizens League executive director Shannon Benton noted that seniors have struggled with benefits failing to keep pace with their higher living costs.
But advocates say it’s still unlikely to go far enough for many struggling seniors.
About 44% of seniors draw all their income from Social Security, the survey found.
But it uses an obscure inflation index that advocates say doesn’t accurately reflect seniors’ spending priorities, which include more medical and prescription drug costs, as well as a greater likelihood that they will pay rent and generally higher home energy costs.