Social Security 2027 cost-of-living adjustment forecast may rise with high oil prices

Social Security 2027 cost-of-living adjustment forecast may rise with high oil prices

The Social Security cost-of-living adjustment for 2027 may be 1.7% to 2.8%, according to new estimates. But that could increase if inflation climbs higher.

Social Security Payment Adjustment Predicted to Be 2.8 Percent in 2027, Group Says

A seniors group said it is forecasting the cost-of-living adjustment for next year’s Social Security payments to remain steady at 2.8 percent as U.S. officials released the latest consumer inflation data on Wednesday. The Senior Citizens League on Wednesday released its forecast adjustment for 2027’s Social Security and Supplemental Security Income (SSI) payments. “That would be the exact same as last year’s COLA of 2.8 percent, a far cry from t…