Social Security to Unveil 2027 COLA Near 3.8% as Taxable Wage Cap Rises Above $184,500
Updated
Updated · Yahoo Finance · Aug 10
Social Security to Unveil 2027 COLA Near 3.8% as Taxable Wage Cap Rises Above $184,500
3 articles · Updated · Yahoo Finance · Aug 10
Summary
Oct. 14 is the date Social Security will announce its 2027 cost-of-living adjustment, with The Senior Citizens League currently estimating a 3.8% increase.
A 3.8% COLA would add about $79 a month to the average $2,084 retirement benefit recorded in June 2026, though actual gains will vary by check size and the final rate.
2027 will also bring a higher earnings threshold for one retirement credit, up from $1,890 in 2026, making future eligibility slightly harder for workers who have not yet reached 40 credits.
Higher-income workers will face Social Security payroll taxes on more earnings as the taxable wage cap rises from $184,500, while most workers will see little or no direct effect.