Social Security to Announce 2027 COLA on Oct. 14 as Estimates Point to 3.5%-3.6% Raise
Updated
Updated · The Motley Fool · Oct 5
Social Security to Announce 2027 COLA on Oct. 14 as Estimates Point to 3.5%-3.6% Raise
2 articles · Updated · The Motley Fool · Oct 5
Summary
Oct. 14 is the date the Social Security Administration is expected to unveil the official 2027 cost-of-living adjustment, which would take effect in January.
Current projections put the 2027 COLA at 3.5% to 3.6%, above this year's 2.8% increase, though the final figure still depends on September inflation data.
A bigger COLA would also signal faster price growth, meaning the increase may do little more than keep benefits aligned with inflation rather than materially improve retirees' finances.
Medicare Part B premiums could further trim the gain for beneficiaries enrolled in both programs, because those premiums are deducted directly from monthly Social Security checks.
For seniors still struggling with expenses, the expected adjustment may offer only a modest cushion, leaving budgeting, spending cuts or part-time work as more meaningful ways to close gaps.