Older Adults Reject 3.5% 2027 Social Security COLA, Favor 5% to 8% Increase
Updated
Updated · AARP · Oct 12
Older Adults Reject 3.5% 2027 Social Security COLA, Favor 5% to 8% Increase
3 articles · Updated · AARP · Oct 12
Summary
AARP found 76% of U.S. adults age 50-plus say a projected 3.5% Social Security COLA for 2027 would not keep up with rising prices.
Social Security recipients were even more skeptical, with 80% saying the increase would fall short, versus 72% of nonrecipients.
About 71% said a COLA between 5% and 8% would be sufficient to help recipients cover everyday expenses, with similar views across age groups and political parties.
The survey suggests little change in sentiment: more than three-quarters have judged projected COLAs inadequate for three straight years, at 83% in 2024, 77% in 2025 and 76% in 2026.
The findings come from a Sept. 17-21 survey of 1,023 U.S. adults age 50-plus conducted by NORC for AARP.