Mary Johnson Cuts 2027 Social Security COLA Forecast to 3.7% From 4.7%
Updated
Updated · The Motley Fool · Jul 31
Mary Johnson Cuts 2027 Social Security COLA Forecast to 3.7% From 4.7%
3 articles · Updated · The Motley Fool · Jul 31
Summary
Johnson lowered her July estimate for the 2027 Social Security cost-of-living adjustment to 3.7%, down 1 percentage point from her 4.7% projection after May inflation data.
June inflation cooling drove the revision, meaning a smaller benefit increase would also signal less severe price growth over the summer months that determine the official COLA.
The Senior Citizens League now pegs the 2027 COLA at 3.8%, and both forecasts still top this year's 2.8% adjustment.
Medicare remains the main wildcard: if Part B premiums rise sharply again in 2027, many retirees could see much of any COLA increase offset in their net monthly checks.
The Social Security Administration is expected to announce the official 2027 COLA in mid-October.