INDIANAPOLIS — Social Security recipients will receive larger monthly payments beginning in January, but an advocate for older Hoosiers says the increase may not be enough to keep pace with rising living costs.
Benefits will increase by 3.6% in 2027, giving the average retired worker about $75 more per month, or roughly $900 over the year. Nearly 72 million people will receive higher Social Security payments, while Supplemental Security Income recipients will see the increase beginning Dec. 31.
Jason Tomcsi, communications director for AARP Indiana, said the increase will help people facing higher costs for groceries, utilities and health care…