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- The Social Security Administration Has Spoken : Here the 2027 Cost - of - Living Adjustment ( COLA ) -- and What It Will Do to Your Benefit
The Social Security Administration announced on October 14 a 3.6% cost-of-living adjustment (COLA) for 2027, the highest since the 8.7% increase in 2022 and tied for the fifth-largest in the past 35 years. The average recipient will get about $75 more per month ($900 a year), against an average monthly retirement benefit of $2,088 as of August. The article argues the increase may not fully offset inflation for seniors, since COLAs use the CPI-W rather than the CPI-E, which weighs healthcare more heavily. A projected rise in the Part B Medicare premium from $202.90 to $209.50 ($6.60 more) will eat into the gain. It warns that without action, the shrinking trust fund surplus could cut benefits by about 22%, to roughly 78% of what is due, wiping out any COLA gains.
- Social Security Administration announces 3.6% cost-of-living adjustment for 2027
The Social Security Administration said the 2027 cost-of-living adjustment (COLA) will be 3.6%, raising retirement benefits by about $75 per month on average. The increase covers 76 million Americans, with around 72 million seeing it in January, and about 7.3 million SSI beneficiaries receiving higher payments starting Dec. 31. The 3.6% figure matches experts' projections of 3.5% to 3.6% and is the largest increase since 2023, when benefits rose 8.7%. The announcement came as new government data showed consumer prices accelerating, with the CPI up 3.7% over the past 12 months as gas prices jumped.
- Grocery Prices Rose 1.8% in September. Here's How That Compares With Social Security's 2027 Cost-of-Living Adjustment (COLA).
According to the Bureau of Labor Statistics, at-home food prices were flat from August to September but were up 1.8% year over year, down from 2.1% in August and 2.6% in July. Grocery prices are about 22% higher than five years ago. The Social Security Administration announced benefits will rise 3.6% next year, an average increase of about $75 per month. The article says this adjustment more than offsets food price increases but trails housing and transportation costs. Because adjustments take effect only after prices rise, beneficiaries may have covered extra expenses for up to 12 months.
- September Inflation Came In at 3 . 9 %, Helping to Set Social Security 2027 Cost - of - Living Adjustment ( COLA )
The CPI-W rose 3.9% in September from a year earlier, its second-largest annual increase this year after May’s 4.4%, which sets the basis for Social Security’s 3.6% cost-of-living adjustment (COLA) for 2027, the fifth largest in 35 years. Social Security uses the CPI-W rather than the CPI-U, which rose 3.7%, because it focuses on hourly wage earners and clerical workers, who make up about 30% of the U.S. population. Energy prices surged amid the Middle East conflict and the closure of the Strait of Hormuz, with gasoline up 34.2% and fuel oil up 74.2% year over year. The COLA is based on the third-quarter CPI-W average, which was 3.62% higher than in 2025, and will take effect in January. The adjustment likely won’t fully offset current inflation pressures.
- September Inflation Came In at 3 . 9 %, Helping to Set Social Security 2027 Cost - of - Living Adjustment ( COLA )
Social Security's 2027 cost-of-living adjustment (COLA) is 3.6%, 0.8% higher than this year's, and will raise monthly benefits beginning in January. The COLA is calculated from CPI-W, which rose 3.9% from a year earlier in September, compared with 3.7% for the headline CPI-U. Energy prices drove the increase: in September, energy costs rose 20.4% year over year, gasoline 34.2%, and fuel oil 74.2%, amid the Middle East conflict and the closure of the Strait of Hormuz. CPI-W had eased to 3.4% in July and 3.5% in August before accelerating again, and the COLA is based on the third-quarter average compared with the prior year. The article notes that the adjustment will not fully offset the inflation recipients are facing.
- September Inflation Came In at 3.9%, Helping to Set Social Security's 2027 Cost-of-Living Adjustment (COLA)
Social Security recipients will receive a 3.6% increase in monthly benefits starting next year, 0.8% higher than this year's COLA. The adjustment is based on the CPI-W, which rose 3.9% year over year in September, and the Q3 average was 3.62% above the previous year's average, rounded to 3.6%. The increase largely reflects energy price spikes tied to the Middle East conflict and the closure of the Strait of Hormuz, with gasoline up 34.2% and fuel oil up 74.2% year over year in September. Inflation cooled in July and August before accelerating again in September. The article notes the COLA likely won't fully offset current inflation, but it lets recipients plan their 2027 budgets.
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