Social Security 2027 COLA Estimate Is Shrinking as Inflation Cools. Here's What to Know.
The Senior Citizens League projects a 3.8% 2027 COLA, while SPYI and QQQI offer double-digit monthly distribution rates for retirees seeking more income.
- The Bureau of Labor Statistics confirmed on Wednesday that the Consumer Price Index for Urban Wage Earners and Clerical Workers rose 3.4 percent in July, down from June's 3.5 percent, marking the first data point for 2027 Social Security COLA calculations.
- Benefits rose only 2.8 percent in January 2026, but inflation has outpaced that increase throughout the year, with consumer prices remaining elevated despite cooling from 4.2 percent in May to 3.5 percent in June.
- The Senior Citizens League projects a 3.8 percent COLA for 2027, AARP estimates 3.5 percent, and independent Social Security analyst Mary Johnson forecasts 3.7 percent, potentially raising average monthly benefits by roughly $77 to just over $2,100 starting in January 2027.
- Senior Citizens League Executive Director Shannon Benton said seniors must wait for a COLA to catch up with prices already driving up grocery bills and healthcare costs, while analyst Mary Johnson noted higher adjustments may not offset all rising expenses in healthcare, transportation, and housing.
- The Committee for a Responsible Budget forecasts a 3.2 percent COLA and warns the Social Security trust fund faces insolvency by 2032, while the Social Security Administration will announce the official 2027 adjustment on October 14.
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The spokesman-Review
USA Today2027 Social Security COLA estimate slips to 3.4% as inflation eases
Retirees could see a 3.4% increase in their monthly Social Security paychecks next year after the government said inflation cooled a bit in July, as expected, new calculations show.
Social Security COLA 2027: Why a New Mexico financial advisor says you shouldn't spend more
New projections are out for next year's Social Security raise and it could be the biggest cost-of-living adjustment in four years. The post Social Security COLA 2027: Why a New Mexico financial advisor says you shouldn’t spend more appeared first on KOB 4.
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