Social Security's Trump Bump-Driven 2027 COLA Is Historic in 3 Unique Ways
Key PointsSocial Security’s more than 71 million traditional recipients will receive the fifth-largest raise over the last 35 years in 2027.
The 2027 Social Security cost-of-living adjustment (COLA) is set to be a historic increase in three unique ways. The first is that beneficiaries will receive a 3.6% raise in their monthly payout, which for an average retired worker amounts to approximately $75 more per month. The second unique aspect is the size of the raise itself; a 3.6% increase is much larger than the norm, with only four annual COLAs surpassing it since 1993.
The 3.6% raise also marks the largest COLA since 1982, making it the fifth-largest over the past 35 years. The final unique aspect is the factors driving this substantial increase, with President Trump's policies playing a significant role. The tariffs imposed by Trump and the ongoing Iran war have contributed to the inflationary impact, leading to the largest Social Security COLA since 1993.
Over the past six years, Social Security checks have risen by at least 2.5% consecutively, the longest such streak in 30 years. This change comes after a decade of minimal COLA increases and even deflation in some years.
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