The cost of living adjustment, or COLA, for next year will be the largest since 2023. Social Security beneficiaries will see their monthly payouts grow by 3.6% in 2027. Key points and original sources are listed below.

• The cost of living adjustment, or COLA, for next year will be the largest since 2023. Retirees will see the extra money in their benefit checks starting in January.S1

• Social Security beneficiaries will see their monthly payouts grow by 3.6% in 2027.S2

• The numbers are out for the Cost-of-Living Adjustments for Old-Age, Survivors, and Disability Insurance and Supplemental Security Income.S3