The article says the 2027 cost-of-living adjustment (COLA) for Social Security will be set by the September Consumer Price Index report due Oct. 14. The Senior Citizens League projects a 3.5% increase, a figure echoed by policy analyst Mary Johnson according to CNBC, which the article describes as the highest in three years. It cites a Federal Reserve Bank of New York paper finding that tariffs under the Trump administration raised prices in 67 consumer goods categories by 2.9% between 2025 and 2026; without tariffs, those prices would have fallen by nearly 1%. The article also links military action against Iran and the closure of the Strait of Hormuz to higher fuel prices, with diesel hitting a historic $6 a gallon per the Associated Press. It also presents gold and rental real estate as ways for fixed-income retirees to guard against inflation.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Trump Bump to Social Security is about to make history here are 3 ways to take advantage ( while everyone waits )
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Related news
- Social Security Trump Bump officially revealed : Just $75 / month more in 2027 not enough for millions of US seniors
The Social Security Administration announced on Oct. 14 that benefits will rise 3.6% next year through the cost-of-living adjustment (COLA), or roughly $75 more a month ($900 a year) for the average retired worker starting in January. Some call it the 'Trump Bump,' but the article says inflation driving the increase was partly fueled by Trump's tariffs and the Iran war's disruption of energy markets. Max Richtman of the National Committee to Preserve Social Security and Medicare said the increase 'won't be enough for most seniors to even tread water financially,' while the National Council on Aging argued the COLA does not reflect older adults' real costs, especially health care. An AARP survey found 76% of adults 50 and older believed a prospective 3.5% COLA would not keep up with prices. The article also presents gold as a way to preserve purchasing power, noting it has climbed 130% over the past five years.
- Expected bump to 2027 Social Security benefits slightly less than latest inflation numbers
The Social Security Administration projects a 3.6% cost-of-living adjustment for 2027, adding $75 a month for roughly 1.7 million Virginians receiving benefits. That is slightly below the 3.7% year-over-year rise in September's Consumer Price Index reported by the Bureau of Labor Statistics. An Old Dominion University economist expects inflation over the next three months to be slightly higher than 3.7%, depending on gasoline prices and the Iran war. Meanwhile, a temporary Medicare Part D subsidy program that helped 25 million Americans is set to end this year, and in an AARP poll, 94% of adults 50 and older said prices have risen in recent months.
- 6 Ways Social Security Will Change Forever in 2027 . Are You Ready ?
The Social Security Administration (SSA) announced a 3.6% cost-of-living adjustment (COLA) for 2027 on October 14, the fifth-largest raise in the last 35 years, with the average retired worker receiving about $75 more per month. The payroll tax earnings cap rises by $7,800 to $192,300, meaning high earners could pay about $483.60 more per year if employed or $967.20 more if self-employed. The maximum monthly benefit at full retirement age rises by $36 to $4,188, but only around 2% of beneficiaries qualify. The article warns that the larger raise may drain the OASI trust fund's reserves faster than forecast, and once exhausted, benefit cuts of up to 22% may be needed.
- 6 Ways Social Security Will Change Forever in 2027 . Are You Ready ?
On October 14, the SSA announced a 3.6% cost-of-living adjustment (COLA) for 2027, affecting about 76 million Americans, with the average retired worker gaining about $75 a month. A raise this large could drain the OASI trust fund's reserves faster than forecast, and once they run out, benefit cuts of up to 22% may be needed. For high earners, the payroll tax cap rises $7,800 to $192,300, which could mean an extra $483.60 a year if employed or $967.20 if self-employed. The maximum monthly payout at full retirement age climbs $36 to $4,188, while early filers can earn $24,480 a year ($2,040 a month) before the earnings test withholds benefits.
- 'It's a wait-and-see situation': I'm 63 and diagnosed with lymphoma. Should I take my Social Security next year?
- His AI Stock Options Could Make Him Rich Without Adding $1 to His Social Security Check
Mark, 59, a machine learning engineer at an AI startup, could receive stock options worth millions. Profits from incentive stock options are not subject to Social Security tax and are not counted as wages, so they do not appear on his earnings record. Nonqualified options and restricted stock units count as wages, but Social Security only credits earnings up to the $184,500 cap for 2026. For example, with a $190,000 salary and a $2 million stock vest, the amount above the cap adds nothing to his future benefit. For single filers, combined income above $34,000 can make up to 85% of benefits taxable, so the timing of share sales matters. The article advises checking his grant agreement and comparing the Social Security wages on his W-2 with his my Social Security earnings history.
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