Summary
A group forecasted that the 2027 Social Security cost-of-living adjustment (COLA) will be 2.5%, a slight drop from 2026's 2.8%. This adjustment attempts to match inflation, affecting senior citizens' benefits. The official COLA rate will be announced in October.
Key Facts
- The 2027 Social Security COLA is estimated to be 2.5%.
- This estimate is a decrease from the 2026 COLA, which was 2.8%.
- The COLA affects Social Security payments and aims to keep up with inflation.
- The Senior Citizens League made the current COLA prediction.
- Seniors might see an average increase of $52 in their monthly checks with this adjustment.
- Medicare premiums might offset the increase from the COLA.
- The official COLA rate will be released in October.
- Current trends and data can still change before the official announcement.
