2027 Social Security COLA May Bring Bigger Boost for Retirees

New inflation data points to a 3.6% COLA for 2027, potentially adding about $75 to the average retiree’s monthly check; final COLA will be announced mid-October after September CPI data. AARP expects about 3.5%. Medicare Part B premiums could rise 3.5% to $209.50/month in 2027. Despite cooling CPI, seniors still face high costs in healthcare, housing, and utilities, and most rely on Social Security for a large share of income (about three-quarters for half of seniors, 44% for all).