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How much could Social Security benefits increase in 2027? Estimate rises with high gas prices

Independent policy analyst Mary Johnson raised her 2027 cost-of-living adjustment estimate to 3.2%, up from her previous 1.7% forecast in March.
March's consumer price index, released Friday, showed gas prices caused a sharp inflation spike. "This represents the biggest single-month jump we've seen in inflation since 2022," Johnson said.
The Senior Citizens League , a non-partisan seniors advocacy group, maintains a 2.8% estimate for 2027, projecting a $56.69 monthly increase for average retired workers.
Almost 75 million people receive Social Security benefits, with the 2026 COLA at 2.8% and the past decade averaging about 3.1% annually.
The Social Security Administration will announce final 2027 COLA figures in mid-October, though estimates may shift as economic conditions evolve throughout the year.

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Social Security COLA Adjustment For 2017 Could Rise For Millions

The Social Security cost-of-living adjustment for 2027 could rise for millions of recipients due to higher inflation and gas prices. What is the estimated increase in Social Security cost-of-living adjustment? Independent Social Security and Medicare analyst Mary Johnson predicted that the 2027 cost-of-living adjustment could reach to 3.2% as gasoline prices continue to soar. That figure is a 1.7% cost-of-living increase from her March projectio…

11 hours ago

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How much could Social Security benefits increase in 2027? Estimate rises with high gas prices

Millions of Social Security recipients could see a higher cost-of-living increase next year, according to one analyst. How much more could recipients get? (AP Photo)

1 day ago·Sacramento, United States

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