Social Security 2027 COLA Estimate Increases Amid Rising Gas Prices
The estimated cost-of-living adjustment (COLA) for Social Security in 2027 is projected to rise to 3.2%, driven by sharply increasing gasoline prices. This estimate, provided by Mary Johnson, an independent Social Security and Medicare policy analyst, reflects the latest consumer price index data indicating inflation at its highest level in nearly two years. The COLA aims to ensure that inflation does not erode the purchasing power of Social Security and Supplemental Security Income benefits. The Senior Citizens League, a nonpartisan senior group, maintains its forecast of a 2.8% COLA for 2027. In 2026, beneficiaries received a 2.8% adjustment, increasing retirement benefits by an average of $56 per month. Despite these adjustments, many retirees feel the COLA does not adequately reflect their experience of inflation. 
