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Here’s how much extra money could be in your monthly Social Security check next year
MarketWatch • • business
Key Points:
- Social Security payments are expected to increase by an average of $71 per month for retirees in 2027, providing a modest boost amid rising living costs.
- The cost-of-living adjustment (COLA) for 2027 is projected to be between 3.4% and 3.6%, surpassing the 20-year average increase of 2.6%.
- This anticipated COLA is also higher than the 2.8% adjustment set for 2026 and would mark the largest increase since 2023.
- The official 2027 COLA announcement is scheduled for October 14, with the increased payments taking effect in January.
