India, Oct. 14 -- The Social Security Administration (SSA) announced a 3.6% cost-of-living adjustment (COLA) for 2027 on Wednesday. The increase will raise monthly payments for millions of retired seniors and disabled workers in the United States.

Starting in January 2027, eligible beneficiaries will receive an average increase of $75 per month. The adjustment will affect roughly 75 million retired seniors and disabled workers who receive Social Security benefits.

The 3.6% increase will be the highest annual Social Security COLA in four years. It is also higher than the adjustment announced for 2026 and the average annual COLA of 2.6% over the past two decades.

However, the increase may not be enough to help millions of retirees manage...