BALTIMORE, Maryland (WWNY) – The Social Security Administration announced a 3.6% benefit increase for 2027.
Social Security benefits include Old-Age, Survivors, and Disability Insurance, and Supplemental Security Income. Retirement benefits will increase by an average of $75 per month.
Nearly 72 million Social Security beneficiaries will see the cost-of-living adjustment beginning in January 2027. About 7.3 million people receiving Supplemental Security Income will see increased payments starting December 31, 2026. Some people receive both types of benefits…