Uncertainty Surrounds 2027 Social Security COLA Amid Inflation Concerns
Retirees are hopeful for a larger Social Security cost-of-living adjustment (COLA) in 2027, following a 2.8% increase this year. Initial estimates suggest a potential 3.8% increase, but this is not guaranteed. COLAs are based on third-quarter changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). With inflation outpacing the current COLA, retirees are advised not to rely on a larger increase and to consider alternative financial strategies.