How much will Social Security benefits go up next year? Date for 2027 COLA announcement

AI Summary

The Social Security Cost-of-Living Adjustment (COLA) for 2027 is expected to raise average benefits by $73.62, increasing monthly payments to $2,011.15. This adjustment is aimed at helping beneficiaries keep pace with inflation.

If the COLA were put in place today, average benefits would rise by $73.62, from $1937.53 to $2,011.15.