Social Security
Updated October 2026
The Social Security Administration (SSA) has officially announced a 3.6% Cost-of-Living Adjustment (COLA) for 2027, increasing monthly Social Security benefits for millions of Americans beginning in January.
With this adjustment, the average monthly benefit for retired workers is expected to increase from $2,095 to $2,170, an increase of $75 per month.
Along with the COLA, SSA has announced updates to several other key Social Security figures, including maximum taxable earnings, retirement earnings test limits, and other important thresholds.
Explore the 2027 COLA Updates
Watch: Understanding the 2027 COLA
NARSSA’s Vice President of Public Affairs, Melissa Vannette, breaks down the new COLA, what beneficiaries can expect, and why the impact may vary from person to person.
Read Our Latest Article
Learn more about the 2027 COLA, how the adjustment is calculated, and what it means for beneficiaries.
Review SSA’s Official Fact Sheet
See the updated benefit amounts, earnings limits, and other important Social Security figures for 2027.