2027 Social Security COLA Expected Around 2.8% Amid Inflation Spike

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Source: USA Today
2027 Social Security COLA Expected Around 2.8% Amid Inflation Spike
Photo: USA Today
TL;DR

Predictions from the Senior Citizens League place the 2027 Social Security COLA at about 2.8%, with the official figure due in October after Q3 data. While the bump could equal or exceed 2026, inflation is rising (CPI around 3.3%, driven by higher oil prices), which may erode the real gain for retirees. Historically, COLAs have often lagged inflation, and many beneficiaries say the current lift won’t fully cover rising costs, so retirees should plan with cautious expectations.

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