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2 weeks ago

Social Security recipients could see bigger cost-of-living adjustment in 2027, new forecast says

Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 amid persistently high inflation this year, a new report finds.An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.8%, or 1 percentage point higher than the 2026 COLA of 2.8%, based on the latest consumer price index (CPI) inflation data released on Tuesday. TSCL estimated that if the projected 3.8% COLA took effect today, average benefits would rise by $73.62 from $1,937.53 to $2,011.15.The estimate of a 3.8% COLA was the same as last month's prediction, and i...