Overview
- The Social Security Administration confirmed a 3.6% cost-of-living adjustment for 2027 that will raise average retired-worker benefits by about $75 per month.
- Supplemental Security Income recipients will see their increase on December 31, 2026, while most other Social Security payments take effect in January 2027.
- The SSA set the 2027 taxable-earnings maximum at $192,300, which will subject roughly $7,800 more income to Social Security payroll taxes for higher earners.
- Because Veterans Day falls on a Wednesday this year, beneficiaries born on the 1st through the 10th will receive their November payments a day early on Tuesday, November 10.
- The agency reported a major SSN-record cleanup that added about 17 million dates of death and updated roughly 25 million records with missing citizenship data to help reduce improper payments and fraud, and trustees warn the retirement trust fund could be depleted by 2032 without legislative action.