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Senior Group Pegs 2027 Social Security COLA at 2.8%

The forecast raises concern that benefits may lag recent price gains for essentials.

Overview

  • The Senior Citizens League now projects a 2.8% cost-of-living adjustment for Social Security in 2027, matching this year’s increase.
  • At that rate, the average monthly check for retired workers would rise by $56.69 to $2,081.46, up from $2,024.77.
  • TSCL warns the raise would trail recent inflation averaging about 3.3%, with seniors hit hard by housing and medical costs.
  • The Social Security Administration will set the official 2027 increase in October using July–September CPI-W inflation data.
  • Policy fights continue over solvency and fairness, with a push to cap very high benefits and calls to switch to an elderly-focused inflation index or a “CPI Best” rule.