Our country’s most effective retirement program is Social Security. It lifts more than 22 million people out of poverty each year, including over 16 million older adults and nearly 1 million children.
A national poll found that almost 90% of retirees rely on it at least in part to sustain their lives. According to the Social Security Administration (SSA), roughly 76 million Americans receive Social Security and Supplemental Security Income (SSI) payments.
Nearly 72 million people collect Social Security benefits, including tens of millions of retired workers, yet many Americans still harbor misconceptions about how the program works.
The Social Security program also goes through regular annual adjustments. Every October, the SSA publishes a fact sheet outlining the official changes that will affect beneficiaries and contributing workers in the coming year.
These are the biggest changes to Social Security in 2027:
