2027 Social Security COLA Seen at 3.8% Amid Inflation Risks

The latest projection for the 2027 Social Security cost-of-living adjustment (COLA) is 3.8%, per The Senior Citizens League, which is above the long-term average and would add about $79 to the average benefit (~$2,081 as of April 2026). Inflation—especially energy costs—could push the COLA higher or lower before the official October announcement. Even with a higher COLA, many retirees may not see a dramatic boost to their purchasing power and might rely on other retirement income sources; the official COLA will be confirmed in mid-October.