2027 Social Security COLA estimates hover near 3.5% ahead of October 14 announcement
The 2027 cost-of-living adjustment (COLA) for Social Security is expected to be approximately 3.5%, according to current estimates from the Senior Citizens League and AARP. This figure, which may shift slightly based on September inflation data, would raise the average monthly benefit by roughly $68 to $73. The Social Security Administration will officially announce the final percentage on October 14, 2026. While this represents the largest increase in several years, it may not fully offset rising costs for retirees, particularly due to concurrent increases in Medicare Part B premiums.
