The U.S. Bureau of Labor Statistics' CPI report, due Wednesday, Oct. 14, will determine the 2027 Social Security Cost-of-Living Adjustment (COLA). The COLA is based on CPI-W, a subset covering urban wage earners and clerical workers, roughly 30% of the population; CPI-W rose 3.4% in July and 3.5% in August 2026, so if the report aligns, the 2027 COLA is likely to be about 3.5%. The Committee for a Responsible Federal Budget projects 3.4%, while AARP projects 3.6%. At 3.5%, the average retired worker's benefit of about $2,088 a month (August 2026) would rise to about $2,161, an increase of $73.08 per month or $876.96 per year. The article argues that CPI-W may not fully capture higher retiree costs such as healthcare, and that Social Security was never designed to be a retiree's only income.
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