WASHINGTON, D.C.–(AVC News)—Those receiving Social Security benefits will see a small hike in their checks.
The Social Security Administration has announced that come 2027 there will be a Cost of Living Adjustment (COLA) of 3.6% for monthly Social Security and Supplemental Security Income payments.
This represents the largest COLA adjustment since 2023.
The benefit hike will affect roughly 76 million Americans beginning in January 2027 and will raise the average retiree’s annual benefit by about $900. Also, the maximum amount of earnings subject to Social Security payroll tax will increase to $192,300.
Social Security’s COLA is based on the U.S. cost of living.
The U.S. inflation rate rose for the sixth straight month to 3.7% in September, as inflation continues to outpace wages.
The Bureau of Labor Statistics (BLS) reports that the consumer price index (CPI) increased 0.6 percent last month and was up 3.7 percent relative to September 2025. That marked an increase from August, when annual inflation sat at 3.4 percent.
In related news, at the beginning of the new year Ohio’s minimum wage will also increase to $11.40 per house for non-tipped employees and tipped employees wages will increase to $5.70 per hour, plus tips,
