Wednesday, October 14, 2026

Netflix is laying off 6% of its workforce

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Netflix is laying off 6% of its workforce

Social Security Administration says cost-of-living adjustment will rise 3.6% in 2027

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Social Security Administration says cost-of-living adjustment will rise 3.6% in 2027

The cost-of-living adjustment ensures benefits keep pace with inflation.

October 14, 2026, 6:44 AM

Social Security benefits will increase 3.6% beginning in January for more than 70 million recipients, the Social Security Administration (SSA) said on Wednesday.

The cost-of-living adjustment for 2027, known as COLA, came in markedly higher than the prior year's hike of 2.8%.

The annual uptick in Social Security benefits aims to keep payments on pace with inflation, which surged in the spring after the outbreak of the Iran war.

The rise in Social Security payments for 2027 amounts to an average increase of about $75 a month for each recipient, the SSA said.

US Social Securtity cards.
Jason Raff/Adobe Stock

The announcement on Wednesday came after inflation data for September showed price hikes had climbed to a four-month high due in large part to a surge in gasoline costs. The fresh reading marked the final piece of data necessary for SSA to calculate COLA for 2027.

“Social Security will implement this cost-of-living adjustment for 76 million Americans, giving them greater financial stability,” Commissioner Frank Bisignano said in a statement.

The agency will also hike the maximum amount of earnings subject to the Social Security tax, elevating the taxable income limit from $184,500 to $192,300.

Recipients can check their online accounts with Social Security for notifications of their new benefit amount beginning in late November, the agency said. Notices will be sent to recipients by mail starting in early December.

Man shot during ICE encounter in NYC still has bullet lodged in neck, attorneys say

 

Mystery of Amelia Earhart's missing plane could be solved in days, researchers say

 

Mystery of Amelia Earhart's missing plane could be solved in days, researchers say

A group of American researchers believes it may be days away from finding what remains of the missing plane of legendary aviator Amelia Earhart off a remote island in the South Pacific. 

An expedition team led by Steve Schultz from Purdue University and Richard Pettigrew from the Archaeological Legacy Institute on Wednesday began the painstaking search for what could be Earhart's Lockheed Electra 10-E plane.

"We're looking at the land, we're looking for artifacts that might relate to Amelia Earhart," Pettigrew told CBS News on Wednesday.

"We're still very much in the data-gathering phase," Schultz added.

Members of the expedition are searching a lagoon off the coast of Nikumaroro. They are focused on inspecting what is known as the Taraia Object, a visual anomaly that has been visible in aerial photos dating back to 1938 but was first noticed in satellite imagery in 2020. That satellite imagery is what inspired the new expedition.

Mystery of Amelia Earhart's missing plane could be solved in days, researchers say
U.S. researchers search for Amelia Earhart's plane on Nikumaroro in October 2026. Purdue University

The search area is so remote, it took the 17-member expedition team five days at sea to reach it. 

However, the team is confident it will be able to say in just a matter of days whether they have found Earhart's plane. 

"Our next step is complete analysis of the data that we gathered and then to begin using a hydraulic dredge to remove sediment from the bottom," Pettigrew said.

Earhart went missing on July 2, 1937, while attempting to become the first person to fly around the equator. Earhart and her navigator, Fred Noonan, vanished 22,000 miles into their expedition.

Nikumaroro is part of the archipelago country of Kiribati, which is located about halfway between Australia and Hawaii. It's about 400 miles southeast of Howland Island, which, according to researchers, was the final destination of Earhart and Noonan's journey around the equator. 

Their disappearance has become one of the world's greatest mysteries.

"We're the only people who have put together a plan to do something like that," Pettigrew said. "So it's entirely new."