Social Security reveals cost-of-living-adjustment for 2027

Social Security Administration announced the annual cost of living adjustment next year will be 3.6 percent. Now, it's one of the largest increases in years, but it comes at a time when inflation actually rose even faster, 3.7 percent. The cost of living adjustment amounts to about $76 more per month for retirees. We spoke to financial advisor Brie Mason about what's behind the spike in prices and the significance in the cost of adjustment for Social Security recipients. Federal Reserve tells us there are three things that really caused inflation this year, and that's the tariff and trade policies, the war in Iran, and of course, the AI infrastructure build out those that helps us. You know, these increases help us keep up with inflation and retirees depend on it a lot. About 50 percent of retirees say that Social Security benefits are over half of their annual income. Mason says it is crucial for seniors to have a well-planned budget to keep up with higher prices for food, fuel, health care and housing.