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Social Security Raise of 3.6% Is Largest in Four Years as Trust Fund Nears 2032 Shortfall

Social Security recipients will receive a 3.6% cost-of-living adjustment in January, the biggest increase in four years, adding about $75 a month for the average retiree. The boost comes as the retirement trust fund is projected to be unable to pay full benefits in late 2032, prompting calls for reform.

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Social Security recipients will receive a 3.6% cost-of-living adjustment in January, the biggest increase in four years, adding about $75 a month for the average retiree. The boost comes as the retirement trust fund is projected to be unable to pay full benefits in late 2032, pr…

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