Social Security's Trump Bump-Fueled 2027 COLA Is Set to Make History 2 Different Ways
Key PointsArguably, no announcement is more anticipated than the annual cost-of-living adjustment (COLA) reveal, set for Oct. 14.
The upcoming Social Security cost-of-living adjustment (COLA) reveal on October 14, 2027, is poised to make history in two significant ways. This announcement holds particular importance for the nearly 55 million retired workers who rely on Social Security income, as it constitutes their primary source of financial support, according to Gallup's annual surveys spanning a quarter-century.
The COLA is a near-annual increase aimed at offsetting the impact of inflation on beneficiaries' purchasing power. While the program has granted raises in all but three years since 1975 - specifically in 2010, 2011, and 2016 - the 2027 COLA projection is expected to set records in unprecedented ways. The driving force behind these historic milestones is a COLA-induced "Trump bump," credited to President Donald Trump's influence.
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