What is the Social Security COLA for 2027? Here's how it could affect you

Social Security has announced a 3.6% cost-of-living adjustment for 2027, driven primarily by persistently high inflation. This increase, which amounts to over $900 for the coming year, represents the largest annual COLA since 2023. The adjustment will directly impact retirees and other beneficiaries, providing a significant raise in their Social Security checks. This update ensures that benefit payments are adjusted based on current inflation data to maintain the purchasing power of the recipients.