Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate
Social Security beneficiaries could see a 3.5 per cent-3.6 per cent COLA increase in 2027, with estimates varying among analysts and groups. The official adjustment will depend on September inflation data, with the Social Security Administration expected to announce it in October.
Americans who depend on Social Security benefits may receive a boost in 2027, with a possible cost-of-living adjustment (COLA) ranging from 3.5% to 3.6%, according to estimates from various groups. CNBC reported this figure, based on the latest data from the consumer price index (CPI) released on Friday. Independent analyst Mary Johnson stated that the COLA could be 3.5%, but it will depend on volatile oil prices, which have significantly impacted inflation since the US-Iran war began in late February.
The Senior Citizens League, a nonpartisan group, has lowered its projected COLA for 2027 to 3.5%, adding roughly $67.90 to the average monthly benefit check. AARP, however, has raised its forecast to 3.6%, which would add about $75 to the average retired worker's benefit. In 2026, beneficiaries received a 2.8% increase, the highest in four decades, and the Social Security Administration expects to announce the official COLA for the following year in October after releasing another month of inflation data.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
