Retirees Will Get a 3.6% Social Security Raise in 2027 After Getting 2.8% This Year. Here's the Dollar Difference.

Retirees and retirees-to-be have some pressing concerns from year to year regarding Social Security. They wonder, for example, how big the next cost-of-living adjustment (COLA) will be. And they wonder how much of an impact it will have on their monthly (and annual) Social Security income. The latest COLA for 2027 was just announced, at 3.6%, considerably higher than last year's 2.8% hike. That doesn't reflect generosity, though -- it's merely a reflection of the higher inflation we've experienced lately. Here's a look at how these increases have affected benefits. Image source: Getty Images.

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