Social Security Benefits Will Rise 3.6% in 2027, but Inflation and Rising Costs Could Offset the Increase for Texas Seniors
As new inflation figures show consumer prices continuing to climb, millions of Americans receiving Social Security benefits are set to receive a 3.6% cost-of-living increase in 2027.
The adjustment, averaging approximately $75 more per month, comes as retirees and people with disabilities, including those across Texas, struggle to keep pace with rising healthcare, housing and everyday living expenses.
The Social Security Administration announced the annual cost-of-living adjustment, known as COLA, Wednesday, the same day federal data showed consumer prices had risen 3.7% over the past year. The increase will affect nearly 72 million Social Security recipients, while approximately 7.3 million Supplemental Security Income (SSI) beneficiaries will also see higher payments…