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Winter, The Season for a Facial Refresh

By Jeremy Murphy

When the temperatures drop and the days get shorter, there is one unexpected upside. For patients considering a facelift or laser treatment, the colder months offer a practical advantage that has little to do with the temperature itself and everything to do with the sun.

A Shining Ray in the Darker Months

According to Dr. Luis Macias, the Los Angeles-based plastic surgeon known for his sophisticated, natural approach to facial rejuvenation, reduced sun exposure makes winter particularly appealing for certain procedures. That matters because many of today’s laser treatments are light-sensitive, including IPL and BBL treatments, as well as erbium and CO2 lasers. Patients need to limit sun exposure during the healing process, making winter an easier season in which to schedule treatments.

“In the winter, you’re less likely to have those competing activities,” he says. “I think the winter months are a good time for people to do some of these refreshes for themselves.”

It is not, Macias emphasizes, that cold weather magically produces better surgical results. There is no special wintertime advantage when it comes to blood vessels, healing, or the ultimate outcome of a facelift. The benefit is largely practical: less intense sun exposure and, for many people, fewer beach days, vacations, and outdoor activities to work around.

What to Do

The technology itself, meanwhile, has become considerably more sophisticated. Macias stresses that there is no single “best” laser. The appropriate treatment depends on what a patient actually wants to address.

Some technologies are particularly effective for pigmentation and redness. BBL, or broadband light, can target those concerns while also helping to thicken the dermis. But if the goal is resurfacing, fine lines or wrinkles, a different approach may be necessary.

That is where fractional lasers such as erbium and CO2 come in. Macias compares the evolution of these treatments to maintaining a lawn. An ablative CO2 laser essentially “mows the lawn,” removing more of the surface, while fractional treatment “aerates” it by creating tiny channels that allow the skin to heal more quickly.

For some patients, however, CO2 can create pigmentation concerns. Erbium lasers, Macias says, can offer greater versatility, particularly for patients with darker skin tones, while still allowing surgeons to control the degree of coagulation and resurfacing.

Photo Courtesy: MrktMade (Dr. Luis Macias)

A Refreshed Look

The same philosophy of restraint is increasingly influencing the facelift itself.

The era of the conspicuously “done” face is fading. Macias says he is seeing more patients seeking a refreshed appearance rather than an obviously altered one. Deep-plane facelifts, which address deeper anatomical structures rather than simply tightening the skin, have become an important part of that evolution.

The trend is also moving younger.

Rather than waiting until significant skin laxity develops, patients are increasingly addressing early signs of aging. The objective is subtle enough that friends and family may simply think someone looks rested, healthy, or particularly good after a vacation. “If you go from turkey neck to no turkey neck, it’s very obvious,” Macias says. “People don’t want that.”

Normalizing Cosmetic Work for Men

That desire for subtlety is also bringing more men into the conversation. Macias says he is seeing significantly more male patients interested in facial rejuvenation, although preserving a masculine appearance remains paramount.

Many men, he says, arrive with examples of celebrities whose work they like precisely because they cannot tell surgery was performed. Some of his male patients have even allowed him to share their before-and-after photographs, something he says can be particularly powerful in overcoming the stigma surrounding cosmetic surgery for men.

“They allow other guys to look and go, ‘Oh yeah, I could do that,’” he says. “That guy looks pretty good. He still looks like himself.”

Precision and Tailoring

And then there is the changing attitude toward fillers. Hyaluronic acid fillers have taken a beating on social media, Macias says, largely because they became so ubiquitous and were sometimes used indiscriminately. The problem, in his view, was not necessarily the material itself but the way it was being used. “There’s still some role for hyaluronic acid done by a trained professional that knows where to put it, knows what to put where, at what depth,” he says.

At the same time, patients are increasingly interested in alternatives, including biostimulatory and regenerative treatments. Sculptra has benefited from that shift, while products such as Renuva, derived from donated human adipose tissue, are also attracting renewed attention.

Another newer technology gaining momentum is Quantum, a bipolar radio-frequency device designed to tighten skin while addressing some underlying fat. Macias sees it as part of a broader movement toward treatments that work beneath the surface rather than simply adding volume.

Ultimately, the biggest change is philosophical. Patients are no longer necessarily looking for a dramatic transformation. They want to look like themselves, only fresher. And winter, with its shorter days and reduced UV exposure, may be the perfect time to start.

aestheticmdr.com

Small Businesses Expect $118 Billion in Holiday Spending in 2026 as Price Pressure and Uncertainty Rise

Holiday shopping trends for 2026 point to a larger season for small businesses. Consumers plan to spend $278 billion this holiday season, with about $118 billion going to small businesses, according to an Intuit QuickBooks survey released October 19. Independent NFIB data shows owners entering the season with uncertainty well above average.

Key Takeaways

  • Shoppers plan to direct 43% of their holiday budgets to small businesses on average, up from 41% in 2025 and 36% in 2024.
  • 76% of small business owners expect higher holiday revenue than last year, up from 65% a year ago and 44% in 2024.
  • 38% of small businesses have raised or plan to raise prices this season, and another 43% are considering it.
  • Only 9% of shoppers view businesses’ price increases as fully justified, while 49% say they are not really or not at all justified.
  • The NFIB Small Business Optimism Index fell 0.8 points to 97.9 in September, just below its 52-year average of 98.0.
  • Inflation was the single most important problem for 20% of NFIB respondents, nearly three times the 7% historical average.

Holiday Shopping Trends 2026 Point To A Larger Small Business Share

The survey’s headline figure reflects two trends moving in the same direction. Consumers expect to spend $278 billion this holiday season, up 5.7% from last year’s estimated $263 billion and up from $211 billion in 2024. At the same time, the share of that budget shoppers plan to spend at small businesses has climbed from 36% to 43% over three years. Intuit estimates the small business portion at roughly $118 billion, an 8.3% increase over last year and the highest in the survey’s three-year history.

The methodology matters for how the figures should be read. Intuit QuickBooks commissioned two online surveys in August 2026: one of 1,002 small business owners, managers and decision-makers at firms with up to 99 employees, fielded through Dynata, and one of 6,000 U.S. adults planning to shop this season, fielded through Pollfish. Results were re-weighted, and respondents were paid. The figures measure stated plans, not completed sales.

Small Business Holiday Sales Expectations Rise After A Strong 2025 Season

Owner optimism rests largely on last year’s results. In the survey, 40% of small businesses said their 2025 holiday revenue beat expectations, 51% said it landed about where they expected, and 7% said it fell short. The share of owners “very confident” that customers will spend enough to support the business rose to 43% from 39%.

Fewer owners describe the season as make-or-break. 47% call this season’s revenue critically or very important to the business, down from 59% last year. Preparation is also starting earlier: 67% had begun planning by September, compared with 64% last year and 39% in 2024.

Pricing Is Where Owner Optimism Meets Shopper Resistance

The sharpest tension in the data sits in pricing. 38% of small businesses have already raised prices or plan to this season, 43% are considering it but remain hesitant, and only 7% say costs have not risen enough to justify an increase. Shoppers are skeptical: just 9% consider those increases fully justified, and 61% say rising prices bother them at least somewhat.

Cost pressure is still moving through inventory. 48% of small businesses bought extra stock ahead of tariffs taking effect, and 36% of those say they are already restocking at noticeably higher prices. 30% have shifted to more U.S.-based suppliers. Shoppers also expect higher fulfillment costs, with 41% anticipating higher shipping and delivery charges, up from 33% last year. Those pressures arrive after September’s 3.7% annual inflation reading pushed fuel and travel costs higher.

NFIB Small Business Optimism Index Tells A More Cautious Story

The National Federation of Independent Business offers an independent read. Its Small Business Optimism Index fell 0.8 points in September to 97.9, one-tenth of a point below its 52-year average. The Uncertainty Index rose 1 point to 90, well above its historical average of 68. Labor quality or availability remained the top problem at 26%, and inflation followed at 20%. A net 6% of owners expect better business conditions over the next six months, down 4 points and the second straight monthly decline.

The two surveys are not in direct conflict. Intuit measured holiday-specific expectations in August across a sample that includes self-employed workers and managers, while the NFIB measures overall business conditions among its members each month. Read together, they describe owners who expect a solid season while remaining cautious about costs, hiring and the broader outlook.

Consumer Holiday Spending Splits By Age And Income

The $278 billion total masks uneven household conditions. Younger shoppers are more likely to finance purchases, with Buy Now, Pay Later use at 21% among Gen Z and 24% among Millennials, compared with 14% of Gen X and 6% of Boomers. Lower-income shoppers are nearly three times as likely as upper-income shoppers to cut back on essentials such as groceries or utilities to afford holiday spending, at 19% versus 7%, and twice as likely to take seasonal work or a side job to cover costs. Upper-income shoppers are far more likely to pay credit card balances in full each month, at 67% versus 26%.

Social Platforms And AI Change How Shoppers Find Small Businesses

Social platforms are the fastest-growing online channel for small business purchases in the survey, with 23% of shoppers naming them as the most likely place to buy, up from 20% in 2025 and 16% in 2024. AI use is rising on both sides of the transaction: 43% of consumers plan to use AI tools while shopping, and 76% of small businesses plan to use AI in holiday operations. Only 15% of shoppers have let an AI assistant complete a purchase, and half say they would not be comfortable doing so. 46% of small businesses have already taken steps to appear in AI-powered search and shopping tools.

Key Dates For Small Businesses Before The Holiday Rush

Several dates will shape the season’s outcome. The Federal Reserve meets October 27 and 28, with borrowing costs for inventory and payroll financing in focus. Black Friday falls on November 27, Small Business Saturday on November 28 and Cyber Monday on November 30. The Census Bureau releases October retail sales on November 17, offering the first hard data on whether shoppers are following through on their plans.

FAQs

What Are The Expected Holiday Shopping Trends For 2026?

Consumers plan to spend $278 billion this holiday season, up 5.7% from last year, according to an Intuit QuickBooks survey. Shoppers expect to direct 43% of their budgets to small businesses, about $118 billion.

What Are The Holiday Retail Trends For 2026?

Social commerce and AI are growing. 23% of shoppers say social platforms are where they will most likely buy from small businesses online, and 43% plan to use AI shopping tools, up from 39% last year.

When Is Small Business Saturday 2026?

Small Business Saturday falls on November 28, 2026, the Saturday after Thanksgiving. Black Friday is November 27 and Cyber Monday is November 30.

What Is The NFIB Small Business Optimism Index?

The NFIB Small Business Optimism Index is a monthly measure of owner sentiment from the National Federation of Independent Business. It stood at 97.9 in September 2026, just below its 52-year average of 98.0.

Are Small Businesses Raising Prices For The 2026 Holidays?

Many are. 38% of small businesses have raised or plan to raise prices this season, and 43% are considering it. Only 9% of shoppers view those increases as fully justified.

Search Marketing Experts: Connecting Search Visibility with Customer Confidence

A business can deliver excellent work and still lose opportunities because potential customers cannot find it online. Even when visitors reach its website, unclear content can leave them uncertain about whether to get in touch. Both problems deserve attention because the next inquiry often depends on what happens between a search and a decision. Search Marketing Experts brings SEO services, content marketing, website content, and social media marketing into one offering. For businesses seeking a stronger online presence, that combination provides a practical way to connect discovery with the information customers need to choose a provider.

The process begins with understanding which searches matter. A broad keyword may attract visitors, but a more specific phrase can reveal the service or solution someone actually needs. Search Marketing Experts offers keyword research, competitor analysis, and on-page optimization, including work on titles, content, internal links, and URLs. These services help businesses examine how their pages relate to customer searches. A clearer connection between the search and the page gives visitors a more relevant starting point and gives the business a stronger basis for its content decisions.

Relevance becomes more valuable when the website makes the next step easy. A potential customer should be able to understand the offer, find useful details, and see how to make an inquiry. Search Marketing Experts’ published packages include options for landing-page optimization, calls to action, site speed, image optimization, and mobile optimization. Bringing these elements into the project allows businesses to address the experience after the click, when interest can either develop into a conversation or fade because the page creates unnecessary difficulty.

Content helps sustain that interest. Customers may want to compare approaches, understand what a service involves, or find answers before speaking with a provider. Search Marketing Experts offers SEO content writing, article writing, blog writing, and website content to support those needs. Its web content services include product pages, guides, tutorials, landing pages, and sales copy. This range allows a business to explain its expertise in different ways while keeping the information connected to the services it wants people to consider.

The value lies in giving each piece a clear purpose. An article can explain a common problem, a guide can help readers assess their options, and a service page can show how the business can help. Together, these pages can make the company easier to understand and more convincing to someone comparing providers. Search Marketing Experts’ website content offering combines content strategy with writing and optimization, making it worth considering for businesses that need their marketing message and search approach to work together.

Local SEO is another part of the company’s service offering. Businesses serving a defined area need to reach people searching for relevant services nearby. Search Marketing Experts lists local SEO, business profile optimization, and citation building among its services. These activities help keep business information consistent across online listings and support visibility in location-based searches. For a local service provider, relevant measures may include calls, requests for directions, website visits, and inquiries from the areas it serves. Aligning location-based content with the services a business actually provides can help it reach more relevant audiences.

Performance tracking helps connect marketing activity with business goals. Search Marketing Experts lists conversion tracking, progress reports, and dedicated project management among its package features. These tools can help businesses review which pages attract visitors and whether those visits lead to meaningful actions. Social media marketing provides another channel for sharing content and maintaining contact with potential customers. When these activities support a common plan, businesses can assess how different channels contribute to awareness, website visits, and inquiries. Regular reporting provides a basis for reviewing results and adjusting priorities.

As search tools incorporate AI-generated answers and summaries, clear and useful website content remains important. Google’s guidance continues to emphasize helpful, reliable information and established SEO practices. Businesses can respond by explaining their services accurately, maintaining sound site structure, and answering questions their audiences are likely to ask. Search Marketing Experts brings these priorities together through its SEO, content, and website optimization services. Results depend on factors such as the website’s existing condition, market competition, and the campaign’s focus.

For businesses seeking to improve their online presence, Search Marketing Experts offers a combination of search optimization, content development, local SEO, and website improvements. Its free SEO audit provides a starting point for reviewing a site’s current performance and identifying areas that need attention. A clear assessment can help establish priorities, define measurable goals, and guide decisions about future work. By connecting search visibility with useful content and a straightforward website experience, businesses can make it easier for potential customers to assess their services and get in touch.

Crafting Digital Credibility: How Reputation Bench Builds Trust Through Online Reputation Management

A promising conversation can stall before your team ever gets the chance to make its case. A prospective client searches your name. A potential partner looks into your background. What they find helps shape whether they take the next step. When outdated or incomplete information leaves them uncertain, the strength of your business may never enter the conversation. Reputation Bench helps brands give their online reputation the attention it needs to support the opportunities they have worked to create.

For a growing business, that first impression carries real weight. You may be investing in advertising and bringing people to your website, only for an outdated company profile or an unresolved complaint to raise doubts elsewhere. A founder’s recent achievements may be hard to find, while an old description still dominates the search. The frustrating part is that you may never hear why someone walked away. Your team knows how far the business has come; a potential client sees only what is available online.

Reputation Bench provides online reputation management services to help businesses address that challenge. Its offering gives owners, founders, and communications teams a place to examine how their public presence relates to their current goals. Whether the concern is outdated information or a reputation that has not kept pace with growth, professional support can help turn a vague frustration into a clearer set of priorities.

More than nine in ten US consumers read online reviews when considering local businesses, according to BrightLocal’s 2026 Local Consumer Review Survey. The survey of 1,002 US adults also found that 41% always read reviews when browsing for a business. For an owner, that familiar habit has a personal consequence: people may judge years of hard work through a handful of comments and whatever else appears in a search. A reassuring review can encourage someone to look further, but an outdated profile or conflicting information can bring the doubts back. Each part of your online presence should help people understand the business behind the name.

Reputation Bench’s reputation audits, strategy development, and content support give businesses a way to work through those concerns. An audit offers a starting point for identifying what needs attention. Strategy development helps connect that work to business priorities, while content support addresses the information people encounter. This matters when your team is already stretched between serving customers and winning new ones. Having a defined approach makes it easier to decide what deserves attention first, instead of reacting to each concern as it appears.

A communications team supporting an expansion may want to review how the organization is represented online. Working with a consultancy that covers both areas allows those needs to be discussed together and connected to the same business objectives.

Your business keeps moving, and its online presence needs attention along the way. An old profile can miss a new service, a change in leadership, or an important milestone. Leaving that information untouched means potential clients may be evaluating a version of your business that no longer exists. Reputation Bench’s online reputation management services give clients a way to assess what needs updating and plan how their public presence should develop alongside the business.

If you are repeatedly explaining an old issue, correcting the same inaccurate description, or directing prospects to information they could not find themselves, your online presence is creating extra work. That is a useful place to begin a conversation with Reputation Bench. Bring the concerns you keep encountering and the opportunities you want to pursue. Exploring them together can help identify where professional support would be useful and give reputation work a defined place in your growth plans.

Your business has earned its achievements, and its online reputation should reflect them. Reputation Bench supports brands ready to take that next step, bringing reputation audits, strategy development, and content support together in one comprehensive online reputation management offering. With a focused partner to help assess concerns and plan the work ahead, business owners can approach their public presence with greater clarity and confidence. Start a conversation with Reputation Bench about the reputation concerns holding your business back and the trust you want to build with your audience.

Spray Foam vs. Blown-In Fiberglass vs. Fiberglass Batts: Lane Pace Breaks Down the Differences

Choosing the wrong insulation can waste money and create moisture problems for years. Here’s how the three most common options actually compare.

Homeowners staring down an insulation project usually end up weighing spray foam against blown-in fiberglass and fiberglass batts. Picking between them isn’t just a matter of budget because each material behaves differently once it’s inside a wall, attic or crawl space. Lane Pace, a building science specialist who leads Louisiana Spray Foam & Insulation and LUAS Insulation, breaks down how the three actually compare and what should drive the decision for a given home.

Why Insulation Type Matters More Than Most Homeowners Realize

It’s tempting to treat insulation as a single product category where more is simply better. In practice, it’s a building science decision that depends on the climate a home sits in and the assembly it’s being installed into. The right material for a vented attic in a hot, humid region isn’t necessarily right for an unvented roof deck or a crawl space with moisture concerns.

No single insulation type has been proven to create a continuous whole-home air barrier on its own, which is part of why an air-sealing strategy must be considered alongside material choice rather than as an afterthought. Insulation slows heat transfer. Air sealing controls where and how air moves through the structure. A home needs both working together to perform the way homeowners expect.

The Main Differences Between Spray Foam, Blown-In Fiberglass and Fiberglass Batts

Spray foam, blown-in fiberglass and fiberglass batts install differently, perform differently over time and come with very different price tags. Here’s how they actually stack up against each other.

Material Composition and Installation Method

Fiberglass batts are pre-cut panels sized to fit between studs and joists and are typically installed by hand. Blown-in fiberglass is a loose fill material that gets installed using pneumatic equipment, making it a common choice for attics and other open cavities where batts would leave gaps. Spray polyurethane foam starts as a two-component liquid that expands and cures in place, and it requires trained applicators who understand mixing ratios, surface prep and application thickness.

Thermal Performance and R-Value

R-value per inch varies across a range for each material rather than being a single fixed number. Closed-cell spray foam generally delivers a higher R-value per inch than either open-cell foam or fiberglass products, which is part of why it gets specified in tight assemblies. But R-value alone doesn’t tell the whole story because installation quality and air leakage both affect how a material performs once it’s actually in a wall or roof deck. Specific R-value targets vary by climate zone and local code rather than following one universal number.

Air Sealing and Thermal Envelope Impact

Spray foam expands to fill gaps and can contribute meaningfully to air sealing when it’s applied correctly. Fiberglass batts and blown-in fiberglass typically require separate air-sealing work to achieve the same level of performance because neither material inherently closes off air pathways the way expanding foam does. The thermal envelope functions as a single system rather than a collection of isolated materials stacked on top of one another.

“Insulation works best when it’s part of a broader strategy that includes air sealing,” Pace says. He adds that skipping the air sealing step means treating the symptom rather than the underlying cause of a home’s energy loss, a point he’s expanded on elsewhere when discussing where homes actually lose conditioned air.

Moisture Management and Condensation Risk

Closed-cell spray foam acts as a vapor retarder, whereas open-cell foam and fiberglass products are more vapor-permeable. Fibrous insulation like batts can allow interior air to reach cold surfaces within an assembly, which can contribute to condensation risk in certain conditions. No material eliminates or permanently prevents mold or moisture issues on its own. Vapor retarder placement has to match the climate and the specific assembly design because putting a vapor retarder in the wrong location can trap moisture rather than keep it out.

Long-Term Durability and Structural Protection

Fiberglass batts and blown-in fiberglass can settle, shift or lose loft over time, which reduces their effective R-value even if nothing looks visibly wrong. Properly installed closed-cell spray foam doesn’t settle in the same way and can add rigidity to the assembly it’s applied to. Durability ultimately comes down to material choice and installation quality control working together rather than either factor on its own.

Pace says a properly installed spray foam system typically lasts about 50 years, with some installations lasting even longer. He notes that closed-cell foam tends to outlast open-cell foam because of its density and moisture resistance, particularly in humid climates where open-cell foam faces more moisture-related wear over time.

Cost and Installation Quality Control

Spray foam generally comes with higher upfront material and labor costs, while fiberglass batts and blown-in fiberglass tend to be less expensive to install. That cost gap doesn’t tell homeowners whether they’ll actually see the performance they paid for. Installation quality control determines whether a specified system delivers as intended, regardless of which material is chosen.

How to Choose the Right Insulation Strategy for Your Home

Knowing how these materials differ is only half the equation. The real decision comes down to matching one, or a combination of them, to the home in front of you.

Assess Your Climate and Building Assembly

Hot, humid climates like Louisiana, Mississippi, Alabama and Texas carry different moisture and vapor considerations than mixed or cold climates do, and insulation solutions that work well in one region can underperform or even cause problems in another. The existing assembly matters too. A vented attic calls for a different approach than an unvented attic, and that distinction shapes which materials make sense.

“People often think humidity is just a climate issue,” Pace says. He points out that how a home is sealed and insulated shapes how outside moisture ultimately affects indoor comfort, something he’s discussed in more detail when outlining questions homeowners should ask before hiring a spray foam contractor.

Match the Insulation Type to the Problem Area

Roof decks, crawl spaces and subfloors each present their own common issues, from radiant heat gain to ground moisture to temperature swings that affect comfort in the rooms above. Different areas of the same home often call for different materials rather than one product used uniformly throughout the structure.

Work With a Building Performance Professional

A whole-home evaluation tends to yield better outcomes than a sales pitch focused on a single material. A qualified professional accounts for code alignment, ventilation and moisture management together as a connected system rather than addressing them one at a time. That kind of evaluation supports sound decision-making, but it isn’t a substitute for official code inspection or licensed engineering review when required.

Having a Home That Performs the Way It Should

The choice between spray foam, blown-in fiberglass and fiberglass batts is about matching the right material, or combination of materials, to a home’s climate, its assembly and the specific problems it needs to solve. A whole-home approach to building performance accounts for all of that at once instead of treating insulation as an isolated purchase. For homeowners weighing these options, working with a qualified professional to evaluate the property’s specific needs is the clearest path to a home that actually performs as it’s supposed to.

Industrial Production Rises 0.7% in September as Utilities Output Jumps 3.5% and Manufacturing Gains Lag

U.S. industrial production rose 0.7% in September 2026, beating the 0.4% consensus forecast, the Federal Reserve reported October 16. Utilities output jumped 3.5% and accounted for much of the gain, while manufacturing rose 0.3%. Capacity utilization climbed to 76.9%, still 2.5 percentage points below its long-run average.

Key Takeaways

  • Total industrial output stood at 104.0% of its 2017 average in September, 2.2% higher than in September 2025.
  • Industrial production grew at a 2.8% annual rate in the third quarter, with August’s reading revised up to a 0.1% gain from flat.
  • Utilities output rose at a 14.8% annual rate in the third quarter and is up 8.7% year over year.
  • Semiconductor and related electronic component output rose at a 28.4% annual rate in the third quarter.
  • Motor vehicle and parts production fell 3.0% in September, offsetting gains in machinery, primary metals and electrical equipment.
  • The Federal Reserve will release its annual revision of the industrial production data on November 24, 2026, moving the base year to 2022.

The Headline Beat Came Mostly From Utilities

The September industrial production report looks stronger at the top than underneath. The total index rose 0.7%, its largest monthly gain since April, when output rose 0.8%. But the three industry groups grew at very different rates.

Industry Group September Change Q3 Annualized Rate Year Over Year
Total industrial production +0.7% +2.8% +2.2%
Manufacturing +0.3% +0.7% +1.1%
Mining +0.2% +5.0% +2.8%
Utilities +3.5% +14.8% +8.7%

Utilities output rose 3.5%, with gains at both electric and natural gas utilities. Utilities make up a much smaller share of the industrial base than manufacturing, yet the jump was large enough to lift the headline figure well above forecasts. Manufacturing, which most business owners read as the measure of factory demand, rose 0.3% and grew at only a 0.7% annual rate for the quarter.

For businesses, the distinction matters. A 0.7% headline gain points to a broad industrial upswing. The manufacturing figure points to steady but modest growth, which is closer to what most suppliers, contract manufacturers and industrial distributors will see in their order books.

Semiconductors Drive Durable Goods While Auto Output Falls

Within manufacturing, the September data shows a split between technology-related production and traditional heavy industry. Durable manufacturing edged up 0.1% in September. Primary metals, machinery, and electrical equipment, appliances and components each rose 1% or more. Motor vehicle and parts output fell 3.0%, which held the durable goods total nearly flat.

The quarterly figures make the pattern clearer. Durable manufacturing grew at a 3.8% annual rate in the third quarter, driven partly by a 28.4% annualized gain in semiconductors and related electronic components. Nondurable manufacturing fell at a 1.6% annual rate over the same period, even though it rose 0.4% in September on gains in printing and chemicals.

That concentration is the trend to watch. Much of the growth in U.S. factory output is coming from chip and electronics production tied to AI infrastructure spending. Businesses in auto supply chains or nondurable consumer goods are working in a much softer environment than the headline suggests.

Business Equipment Output Stalls After a Strong First Half

Every major market group gained in September except business equipment, which was unchanged. The breakdown by market group:

  • Consumer goods rose 0.7%, as nondurable goods offset a decline in durable consumer goods.
  • Construction supplies rose 1.0%, recovering from a 0.7% decline in August.
  • Business supplies rose 0.9%, and materials output rose 0.7%.
  • Business equipment was flat for a second month, after a 0.1% dip in August.

Business equipment output is still 6.7% above its September 2025 level, the largest year-over-year gain of any market group. Two flat months after gains of 2.0% in April and 1.0% in July suggest the capital spending push may be leveling off. Combined with the 7.40% average 30-year mortgage rate and Treasury yields above 5%, financing costs are a likely reason for the pause.

Capacity Utilization Shows Room Before Price Pressure Builds

Total capacity utilization rose to 76.9% in September from 76.4% in August, 2.5 percentage points below its 1972–2025 average of 79.4%. Manufacturing utilization edged up 0.1 point to 75.9%, 2.3 points below its long-run average.

Utilization is a rough gauge of how hard the industrial base is running. Rates well below average usually mean factories can take on more orders without straining capacity or raising prices. Mining is the exception: its operating rate of 87.5% is 2.3 points above its long-run average, a sign of tighter conditions in fuel and raw material extraction.

The utilization data adds context to cost pressures building elsewhere. The Producer Price Index for final demand rose 1.3% in September, largely on energy. Factory floors are not running hot enough to explain those prices on their own, which points back to input costs, especially fuel, as the main source of inflation pressure for manufacturers. That matches survey data from earlier in the fall, when the September flash PMI showed input cost inflation at its highest level since 2022 even as output expanded.

November Revision Could Reshape the Picture

The September figures are preliminary. The Federal Reserve will publish its annual revision to industrial production and capacity utilization on November 24, 2026. The revision will move the index base year from 2017 to 2022 and incorporate Census Bureau manufacturing benchmarks for 2023 and 2024. It may also change estimation methods for some industries, with revisions reaching back to 1972.

Businesses that use industrial production data for planning, pricing or lending decisions should expect the historical series to look different after that date. The next monthly report, covering October, will be the first to reflect the new base year.

FAQs

How Much Did Industrial Production Rise in September 2026?

Industrial production rose 0.7% in September 2026, compared with a 0.4% consensus forecast. Output was 2.2% higher than a year earlier.

What Drove the September Industrial Production Increase?

Utilities output rose 3.5% and drove much of the gain. Manufacturing rose 0.3% and mining rose 0.2%.

What Was Capacity Utilization in September 2026?

Total capacity utilization rose to 76.9%, which is 2.5 percentage points below its 1972–2025 average. Manufacturing utilization was 75.9%.

Which Industries Grew Fastest in the Third Quarter?

Semiconductors and related electronic components rose at a 28.4% annual rate. Utilities grew at a 14.8% annual rate, and mining at 5.0%.

When Is the Next Industrial Production Revision?

The Federal Reserve will release its annual revision on November 24, 2026, updating the base year to 2022 and incorporating new manufacturing benchmark data.

David Moore Says the Money Isn’t Yours Until It’s in the Bank. He Learned That While Washing His Hair.

By: Christopher Graves

There is a moment in David Moore’s memoir that is brief enough to pass quickly but resonates long after the page has turned. His wife walked into the bathroom while he was toweling off after a shower in November of 1998 and told him the stock had jumped ten points. He was doing the math instantly. Every dollar was a million to him. His net worth had increased by ten million dollars while he was washing his hair, in the time it took to rinse out the shampoo.

Eighteen months later, that money was gone. Not dramatically. Not in a single catastrophic event. Just gone, the way paper wealth goes, through a sustained decline that eroded everything before anyone had agreed on a moment to call it final.

Ten senior executives sat in Mark Moran’s office in late 2001 contemplating a bankruptcy filing partly because fifteen million dollars in options between them had become a few hundred dollars in market value. The money they had counted had never been real in the way they had treated it as real. Paper wealth is a story you tell yourself, and the story ends on a schedule you didn’t set and weren’t consulted on.

The 24/7 CEO was written in part to make sure the next generation of founders and executives understands that before they live it. The understanding is available in advance, but it requires someone willing to tell the story without protecting their own image more than they protect the reader’s education.

What Business Schools Leave Out

The things David most wants a first-time founder to understand are precisely the things that almost never appear in the success stories, the ones that skip from early traction to successful exit and treat everything in between as a montage.

The money isn’t yours until it’s in the bank. A great idea without sufficient capital isn’t a business. It is a hobby with a pitch deck. He learned the capital lesson the hard way with a company called Geomedica in 1993, when the company funded itself with advertiser deposits and missed payroll by a single day before a Reuters acquisition closed and resolved the crisis. One day. The lesson from that experience informed every subsequent decision he made about cash reserves and capital buffers, even if the dot-com boom environment made those lessons temporarily harder to apply when every board was telling every CEO to spend faster.

In any period of significant disruption, cash is the single resource that buys you the time to be wrong once and still be present to be right the next time. All of the other advantages, the better technology, the stronger team, the more compelling vision, are contingent on being alive long enough to realize them.

What He Put In and Why

David is a salesman by training and salespeople appreciate a story that teaches through entertainment rather than through instruction, so he leaned toward inclusion rather than toward protection of his own image. The manufactured data room. The error message on the Pfizer demo. Walking into his wife’s dinner party with a ripped shirt and blood on his chest. These are in the book because they happened and because they are instructive and because he thinks people retain lessons that arrive wrapped in genuine narrative.

The harder decisions were about what to include that was painful rather than merely embarrassing. He went back and forth extensively on how much to say about Ted Ammon, a colleague with whom he had a serious professional conflict who was later murdered. He eventually included it because Mark Moran offered a characterization that felt accurate and fair: Ted was difficult for three months and essential for four years. 24/7 would not have survived its first ninety days without him.

The chapter about his wife Ioanna was the hardest thing he has written. He did not want the book to be about her illness, and he also understood that an honest account of his life during this period could not leave her out. The chapter is there. He is glad it is in. Some things belong in the record even when they are the hardest things to put there.

The survival story told with the honesty most business books avoid. The 24/7 CEO by David Moore is available now on Amazon.

A Generational Transition Is Bringing Hawaii’s Older Apartment Stock to Market

A significant share of Hawaii’s apartment inventory has been held by the same families since the 1960s and 1970s. Those holdings are now moving, not because the market has forced anything, but because the people who assembled them are passing them on.

The pattern is consistent. A patriarch or matriarch who acquired the building is no longer involved; the property has passed to one or more of their children, and the grandchildren have often built lives off-island. What follows is a decision about whether to hold an asset that requires active management from a distance.

For buyers, the result is that well-located product that is rarely traded is becoming available. What it requires is a specific kind of diligence.

What sits behind the walls

These buildings have generally been maintained at the surface. Units have been freshened, finishes updated, and the property presents well.

The work that tends to have been deferred is the infrastructure nobody sees. “You’re seeing a lot of behind-the-wall infrastructure needs that haven’t been addressed for years,” says Mike Perkins of The Bratton Team at Colliers International Hawaii. Plumbing, electrical, roofing and drainage age on their own schedule, largely independent of how a building looks. That is not a Hawaii problem so much as a characteristic of any building of that vintage anywhere, and after two decades of transacting this stock, Perkins treats it as a known quantity rather than a surprise.

Perkins offers a case from his own portfolio. During the closing period on an asset his team had owned and subdivided, an old cast-iron sewer line was found to have collapsed and required replacement. The property had been owned, managed and prepared for sale by experienced operators, which is precisely the point about how these items surface.

Getting ahead of it as a seller

The recommendation Perkins now makes to owners preparing to sell is to commission a property condition report before going to market.

The reasoning is about control of the negotiation. An owner who knows the building’s condition can price accordingly and plan for it. An owner who does not is relying on a buyer failing to find the same thing during diligence, and buyers are thorough.

“You’re best off not to allow a buyer to find something you didn’t know about,” Perkins says. Discoveries during diligence either extend a closing or end it, and neither outcome serves a seller who has already taken the property to market.

The team’s own phrase for the exercise is knowing all the spiders in the woodpile before going to market. The associated discipline is realism about what the work will cost, because a buyer will back into their required yield and arrive at a residual price net of everything the building needs.

What a buyer scopes

On the acquisition side, the diligence priorities are specific and the list is short.

Infrastructure comes first. Plumbing and electrical need to be examined properly rather than inspected visually, and Perkins’s emphasis is on scope extending all the way to the street and the mains, not stopping at the property line.

Roofs and spalling are the significant big-ticket items beyond that. In wood-frame buildings, termite activity needs confirming rather than assuming. Sewer laterals should be camera-scoped.

The general principle is that visible condition can be priced from a walkthrough. What cannot be seen has to be investigated, and the cost of investigating is trivial against the cost of discovering it later. Plumbing is, by a clear margin, the item buyers most often under-budget.

Timelines that hold

Rehabilitation schedules in Hawaii divide cleanly along one line: whether permits are required.

Cosmetic work generally completes in three to six months. Permitted work runs to a twelve-month approval process, which puts the overall project at twelve to fifteen months. Building that distinction into the model at acquisition is what keeps a business plan intact.

Contractor availability is the other scheduling variable, with skilled trades in demand across the state. Buyers who have established relationships before they need them hold a real advantage over those assembling a team after closing.

Which renovations matter most

The renovations buyers notice first are the visible ones, including flooring, cabinets, appliances and paint. Perkins describes paint as a cheap thrill, and the phrase captures how inexpensive that kind of work can be.

That is not an argument for cosmetics alone. An owner investing in an asset needs to address the structural items too, in order to protect the investment being made on top of them. The infrastructure preserves the asset, and the cosmetics shape how the units present to renters.

On rents, Hawaii is more straightforward than many markets. A buyer acquiring a fully occupied building at below-market rents is bound by the leases in place, but can move rents to market as those leases expire, which gives a below-market rent roll a defined and time-bound horizon.

Who these buildings suit

The natural buyer for a property needing real work is a local contractor-buyer, and the reasons are structural.

That cohort holds trade relationships across the disciplines, has an accurate sense of what work costs, and can execute efficiently. Typical hold periods run to around five years, whether the plan is to improve and sell or to improve and hold.

The underwriting is disciplined and starts with the rent roll. Current rents, achievable market rents, and the gap between them determine both what can be paid for the building and what can be invested in it.

For anyone assessing this segment, the draw is clear. Buildings in established locations are coming from owners who are transitioning for reasons unrelated to the market, and the improvement paths are definable rather than speculative. The team’s recent Hawaii transactions give a sense of how the segment has been trading. The buyers who approach it carefully are the ones who scoped the building before they priced it.

About the Expert: Mike Perkins (S) is Associate Vice President with The Bratton Team at Colliers International Hawaii in Honolulu, specializing in development and income-producing commercial assets.

The Bratton Team is a Hawaii commercial real estate and investment sales group, exclusively contracted to Colliers International HI, LLC. Led by Mark D. Bratton (R) CCIM and Mike Perkins (S), the team has advised buyers and sellers across all Hawaii asset classes for 40 years.

Disclaimer: This article is based on information provided by the expert source cited above. It is intended for general informational purposes only and does not constitute legal, financial, or real estate advice. Readers should conduct their own research and consult qualified professionals before making any real estate or financial decisions.

Getting Out From Under Stacked Advances With a Practical Recovery Plan

It usually starts with one working capital advance taken for a good reason. Then a slow month arrives, the daily debit feels heavier, and a second funder offers fast money. A few months later there is a third. Before long, a business with healthy sales is sending most of its daily revenue to funders and struggling to cover payroll.

This pattern is called stacking, and it is a common way for small businesses to get into financial trouble with alternative financing. The good news is that there are ways out. Below is a look at how stacking happens, how to assess where you stand, the options available, and how to avoid people who prey on businesses in this position.

How Stacking Happens

Each open advance is called a position. A business with one advance is in first position. Take another while the first is still open and the new funder is in second position, and so on.

Stacking happens for understandable reasons. Daily debits reduce available cash. A business that was comfortable before its first advance can find itself short a few months later, especially if sales dip. Another funder, often contacted through a broker, offers fresh capital, and the owner uses it to cover the gap. Each new advance adds another debit, and the cycle accelerates.

Several forces make it worse. Some brokers earn commissions every time a new advance is placed, so they have an incentive to keep offering more. Some funders specialize in later positions and charge more to reflect the risk. And many first-position contracts prohibit further financing, so stacking can put the business in breach of its original agreement.

Step 1: Take an Honest Inventory

Before choosing a way out, you need a clear picture. List every open advance and loan with:

  • The funder’s name and contact.
  • The original amount and the total payback.
  • The remaining balance.
  • The payment amount and frequency.
  • Any clauses about reconciliation, prepayment and further financing.

Add up your total daily or weekly debits and compare them with your average daily deposits. Many owners are surprised to see how much of their revenue is already committed. That ratio tells you how urgent the situation is.

Then look at the business itself. Is revenue stable, growing or falling? Was the cash squeeze caused by a temporary event, or by a deeper problem with margins or costs? The right solution depends on the answer.

Warning Signs That You Are Stacking Too Far

Many owners do not realize how deep they are until debits start bouncing. Watch for these signals:

  • You are taking new funding mainly to cover payments on existing funding.
  • Total daily or weekly debits exceed a quarter of your average deposits.
  • Your account goes negative several times a month.
  • You are delaying suppliers, rent or payroll to make funder payments.
  • Brokers call you daily with new offers because they can see your existing positions.

If two or more of these apply, it is time to act before a missed payment triggers default clauses, collection fees or account freezes.

Step 2: Stop Adding Positions

The most important step is the simplest: do not take another advance to cover existing payments unless it is part of a deliberate restructuring. A new position bought to make this week’s debits only moves the problem forward and makes it bigger.

Be wary of anyone who contacts you offering fast money when they can see you already carry several advances. That offer may be legitimate, but it may also be the next step in a cycle that benefits everyone except your business.

Step 3: Request Reconciliation

A genuine working capital advance is a purchase of future receivables, and most agreements include a reconciliation clause. If your revenue has fallen, you may be able to ask each funder to adjust your payments to reflect your actual sales, depending on what the contract says.

Funders usually ask for recent bank statements and a written request, and they expect the contract’s process to be followed closely. Many owners keep copies of everything they send and note the dates, and some have an attorney read the clause first. Reconciliation will not reduce what you owe, but it can lower your daily payments to a level the business can sustain while you plan a longer-term fix.

Step 4: Consider Consolidation or a Reverse Consolidation

Consolidation pays off several existing advances with a single new one, usually at a longer term. It replaces many debits with one, which simplifies cash flow. The new funder takes on more risk, so the cost can be significant, and you should compare the total payback against what you currently owe.

Reverse consolidation works differently. Instead of paying off the existing advances in one lump, the new funder makes your daily or weekly payments to them over time, and you make one lower payment to the new funder over a longer term. It can ease daily cash flow quickly. It also extends the time you are in debt and increases the total cost, so it is a tool for stabilizing the business, not a cheap fix.

Either option should come with clear written numbers: the total you will repay, the payment amount, the term, and how existing funders will be paid off or paid down.

Step 5: Get Professional Advice When Debits Exceed What the Business Can Carry

If your total payments exceed what the business can realistically support, speak with a business attorney or a reputable financial advisor before signing anything new. They can review your contracts, explain your rights, and help you negotiate with funders directly. Some situations call for a structured workout with each funder rather than another product.

Be cautious about companies that promise to settle your debts for a fraction of what you owe in exchange for large upfront fees. Some debt relief providers are legitimate, but others collect fees, tell you to stop paying your funders, and leave you in default with more problems than before.

Finding the Right Funder for a Restructuring

Not every funder handles stacked files. Some only fund first positions. Others specialize in later positions or offer reverse consolidation programs.

MCA Directory lists funders with their published criteria, including the minimum and maximum positions they accept, whether they offer standard or reverse programs, whether they consider past defaults, and their payment frequency and maximum term. A broker can use that information to match a stacked file with funders that work with later positions, rather than adding yet another debit. MCA Directory describes its verified funders as hand-vetted and actively funding, though verification is a paid listing option, and the directory states that it does not endorse any funder listed on the platform.

Before you trust any broker with a restructuring, check their record. On MCA Directory, funders review broker shops on deal integrity and submission quality, and documented complaints about stacking merchants into default are a serious warning. The FundedUSA Instagram page offers another check by posting confirmations of funded businesses.

How Can Funders and Brokers Join MCA Directory?

Funders that work with stacked files can list their company or move up to a verified listing through the funder listing page. A free listing is available, and the paid Verified tier adds priority placement in search results, a verified badge and direct introductions to brokers.

Brokers can create a free account with a company email address. The MCA Directory Marketplace also lists CRMs, underwriting tools, lead vendors and other software that brokers and funders use.

Protecting Yourself While You Are Vulnerable

Businesses under financial pressure attract scammers. Watch for promises of instant relief, guaranteed approval regardless of your position, and requests for fees before any funding or restructuring takes place. Remember the rule: no legitimate working capital provider requires you to send money before you have a signed agreement and the funds are in your account.

If a funder or broker has misled you, charged fees you did not agree to, or debited more than your contract allows, you can file a private report through MCA Directory’s fraud reporting form. Reports go only to its team, the company is never told who reported it, and reports help it track which patterns are spreading among brokers and funders who exploit stacked businesses.

Step 6: Build a Plan So It Does Not Happen Again

Once the business is stable, set rules for the future. Keep a cash reserve, even a small one. Use working capital only for needs with a clear return. Test every payment against your slowest month. And move toward cheaper, longer-term capital, such as a line of credit or an SBA loan, as your statements and credit improve.

The Bottom Line

Stacking is common, but it is not a dead end. Take an honest inventory, stop adding positions, use reconciliation, consider a carefully priced restructuring, get advice when needed, and work only with funders and brokers whose records you have checked. With a clear plan, a business can work toward steadier cash flow and better financing options. The hardest step is usually the first one: admitting the cycle has started and choosing to stop it. Waiting tends to add debits and narrow the available options, which is why the inventory comes first.

Disclaimer: This article is provided for general informational and educational purposes only and does not constitute financial, legal, lending, debt-relief, or business advice. Financing agreements, reconciliation provisions, repayment obligations, default provisions, restructuring options, and other terms vary by provider, contract, jurisdiction, and individual business circumstances. The strategies and examples discussed are not guaranteed to reduce payments, resolve debt, prevent default, or improve a business’s financial position. Business owners should carefully review their existing agreements and obtain advice from an appropriately qualified attorney, financial advisor, or other professional before entering into a new financing or restructuring arrangement. References to MCA Directory, FundedUSA, lenders, brokers, or other third-party resources are provided for informational purposes and do not constitute an endorsement or guarantee of their services, accuracy, funding decisions, or results. Readers should independently verify any provider and the complete terms of any proposed transaction before proceeding.

Social Security COLA 2027 Set At 3.6%, Adding About $75 A Month As The Taxable Maximum Rises To $192,300

The Social Security COLA for 2027 is 3.6%, the Social Security Administration announced October 14, 2026, raising the average retirement benefit by about $75 a month starting in January. The adjustment reaches 76 million Americans, while the maximum earnings subject to Social Security tax climbs to $192,300 from $184,500.

Key Takeaways

  • The 2027 cost-of-living adjustment of 3.6% compares with 2.8% in 2026 and is the largest increase since 2023.
  • Nearly 72 million Social Security beneficiaries will see higher benefits in January 2027, and about 7.3 million SSI recipients will receive increased payments starting December 31, 2026.
  • The taxable maximum rises $7,800 to $192,300, raising the maximum Social Security payroll tax for high earners and the self-employed.
  • The annual earnings limit for beneficiaries younger than full retirement age rises to $25,560, and to $67,920 for those reaching full retirement age in 2027.
  • The CPI-W, which drives the COLA, rose 3.6% from the third quarter of 2025 to the third quarter of 2026.

The 2027 Social Security COLA Is The Largest Since 2023

The Social Security Administration released the 2027 COLA on October 14, the same morning the Bureau of Labor Statistics published September inflation data. The 3.6% increase lands at the upper end of what analysts projected, and it marks a clear step up from recent years. Benefits rose 2.5% in 2025 and 2.8% in 2026, so the 2027 adjustment is the largest since 2023.

The size of the increase reflects how inflation has moved this year. The COLA is calculated from the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, by comparing its average in July, August and September against the same three months a year earlier. That measure rose 3.6%, the figure that became the adjustment.

Energy costs played a large role. September’s 3.7% consumer price increase, driven by a 9.1% jump in gasoline, completed the third-quarter data set the agency needed to finalize the 2027 figure.

What The 3.6% Increase Means In Dollars

The Social Security Administration estimates that the average retirement benefit will rise by about $75 a month starting in January. For a household budget, that amounts to roughly $900 more over the course of 2027 for a typical retiree.

Individual increases vary by benefit size. Beneficiaries can estimate their own adjustment by multiplying their current monthly benefit by 0.036. A retiree receiving $1,800 a month would see an increase of about $65, while one receiving $3,000 would see about $108.

The 3.6% Social Security COLA for 2027 trails September’s 3.7% headline CPI by a tenth of a point. That gap is small, but it reflects a familiar tension for retirees: the COLA measures price changes for working households, not the spending mix of older Americans, which tends to weigh more heavily on housing and medical costs.

The Taxable Maximum Climbs To $192,300 For Workers And Business Owners

The COLA announcement also carries direct implications for current earners, especially entrepreneurs and high-income professionals. The maximum amount of earnings subject to the Social Security tax, known as the taxable maximum, rises to $192,300 in 2027 from $184,500 in 2026.

That $7,800 increase changes payroll tax math in measurable ways. Employees pay 6.2% in Social Security tax on wages up to the cap, so a worker earning at or above $192,300 will pay about $483.60 more in 2027, with employers matching that amount. Self-employed individuals pay both halves, or 12.4% on net earnings up to the cap, which adds roughly $967.20 in Social Security tax for those at or above the new limit.

For business owners planning 2027 compensation and cash flow, the higher wage base is a line item worth budgeting now. Owners who pay themselves salaries through an S corporation or C corporation will see both the employee and employer portions rise on income up to the new threshold.

Earnings Limits Rise For Working Beneficiaries

The Social Security Administration also raised the earnings test thresholds for beneficiaries who collect benefits while still working. For people younger than full retirement age throughout 2027, the annual limit rises to $25,560, up from $24,480. The agency withholds $1 in benefits for every $2 earned above that amount.

For people who reach full retirement age during 2027, the limit increases to $67,920, up from $65,160. In that case, the agency withholds $1 for every $3 earned above the limit, counting only earnings in the months before the worker reaches full retirement age. Once a beneficiary is at full retirement age for the entire year, no earnings limit applies.

Key Dates For The 2027 COLA

The timing of the Social Security COLA for 2027 differs slightly by program. Supplemental Security Income recipients will receive their increased payments beginning December 31, 2026. Social Security beneficiaries will see the adjustment in benefits payable in January 2027.

Individual benefit amounts will appear in my Social Security accounts starting in late November, and mailed notices begin in early December. Beneficiaries who opt into digital notices by November 18, 2026, can see their personal COLA up to three weeks earlier than by mail. Medicare premium changes for 2027, which affect net benefit amounts for many enrollees, will be published separately.

FAQs

What Is The COLA For Social Security In 2027?

The Social Security COLA for 2027 is 3.6%. It applies to Social Security and Supplemental Security Income benefits for 76 million Americans and raises the average retirement benefit by about $75 a month.

When Was The Social Security COLA 2027 Announcement Date?

The Social Security Administration announced the 2027 COLA on Wednesday, October 14, 2026, after the Bureau of Labor Statistics released September inflation data.

What Was The Social Security COLA For 2026?

The Social Security COLA for 2026 was 2.8%. The 2027 increase of 3.6% is 0.8 percentage points higher.

When Will The 2027 COLA Show Up In Social Security Checks?

Social Security beneficiaries will see the increase in benefits payable in January 2027. SSI recipients will receive increased payments starting December 31, 2026.

How Much Is The Social Security Taxable Maximum In 2027?

The taxable maximum rises to $192,300 in 2027, up from $184,500 in 2026. Earnings above that amount are not subject to the 6.2% Social Security tax.