Social Security's Trump Bump-Driven 2027 COLA Will Likely Feature a Grim Reality for Beneficiaries
Key PointsSocial Security’s cost-of-living adjustment (COLA) will be announced at 08:30 a.m. ET on Oct. 14.
The Social Security Administration's annual cost-of-living adjustment (COLA) for 2027 is imminent, with the final data from the September inflation report set to be released by the U.S. Bureau of Labor Statistics on October 14 at 08:30 a.m. ET. This COLA serves as a raise for beneficiaries to counteract the effects of inflation, which can lead to a decline in the purchasing power of Social Security income for retired workers, those with disabilities, and the survivors of deceased workers if it doesn't keep pace with inflation.
For the program's 71 million beneficiaries, the 2027 COLA is expected to be one of the largest in the program's last 35 years, largely due to President Donald Trump's "Trump bump." While larger monthly Social Security checks may be welcomed, the reality of such outsized COLAs poses a grim situation for the nation's largest retirement program.
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