RECENT NEWS
Social Security COLA 2027 Projected to Rise 3.8% as Inflation Pressures Persist
Social Security recipients could receive a larger cost-of-living adjustment (COLA) in 2027, with new projections estimating a 3.8% increase as inflation continues to affect retirees and renewed concerns emerge over the program's long-term funding. The Senior Citizens League (TSCL), a nonprofit advocacy group for older Americans, has projected that the Social Security COLA for 2027 will reach 3.8%, up from the 2.8% adjustment issued the previous year. While the official cost-of-living adjustment will not be announced by the Social Security Administration until mid-October, TSCL updates its estimates monthly based on inflation and economic data. According to TSCL, if the projected 3.8% increase were applied today, the average monthly Social Security benefit would increase by $73.62, rising from $1,937.53 to approximately $2,011.15. The projected adjustment would rank as the 17th-largest annual COLA since automatic inflation adjustments began in 1977. The Social Security Administration calculates annual COLAs using the average Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) during July, August and September. TSCL's projections also factor in the Consumer Pr...
