Social Security 3.6% COLA increase accelerates date when benefits will fall 25%

Nearly 72 million Social Security recipients will see a 3.6% increase in their monthly checks starting in January 2027, the Social Security Administration announced Wednesday, giving retirees their largest benefit boost since 2023 while accelerating long-term solvency pressures on the program’s trust funds. The annual cost-of-living adjustment, or COLA, will raise the average retiree benefit…

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