Here's How Much Social Security's Trump Bump-Driven 2027 COLA Is Projected to Boost Benefits
Beefier Social Security payouts are on the horizon for more than 71 million traditional beneficiaries.
The Social Security Administration is set to announce its annual cost-of-living adjustment (COLA) for 2027 in mid-October, which is based on inflation data from the previous July through September. After reviewing the latest inflation figures, estimates are narrowing as to the exact percentage increase that beneficiaries will receive.
With over 71 million traditional Social Security recipients, including retired workers, those with disabilities, and survivors of deceased workers, the COLA is eagerly anticipated as it serves to offset the impact of inflation on their purchasing power.
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