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Here's how much your Social Security benefit could rise in 2027
- Next week, the Bureau of Labor Statistics will release July inflation data, providing the first of three critical readings determining the 2027 Social Security cost-of-living adjustment for more than 70 million beneficiaries.
- The Senior Citizens League recently projected a 3.8% cost-of-living adjustment for 2027, though statistician Alex Moore warns this estimate could shift based on volatile oil prices and inflation data over the coming months.
- An estimated 3.8% increase would add roughly $74 to the average monthly retirement benefit of $1,938, though the Social Security Administration notes actual increases will vary depending on individual benefit amounts.
- Russell Gloor, a Social Security Advisor at the AMAC Foundation, said healthcare expenses often outpace benefit increases, leaving many seniors feeling the annual adjustment is "never enough."
- The Social Security Administration will finalize the official 2027 cost-of-living adjustment in October after incorporating inflation data from July, August, and September to ensure benefits keep pace with rising costs.
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42 Articles
42 Articles
Fox 10 Phoenix+5 Reposted by 5 other sources
New Social Security COLA estimates released after fresh inflation data
Social security recipients are on track to receive a larger cost-of-living adjustment in 2027, with early estimates coming in between 3.2% and 3.6%, according to a new analysis released after fresh inflation data.
Latest COLA update: Social Security’s increase on track to be highest in 4 years
The latest projection for next year’s Social Security Cost of Living Adjustment shows it remains on track to be the highest in four years. The Senior Citizens League predicts Social Security’s 2027 COLA will be 3.6%, 0.8 percentage points higher…
Coverage Details
Total News Sources42
Leaning Left7Leaning Right2Center33Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 17%
C 78%
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