The 2027 COLA adjustment is expected to be 3.8%, a one percentage point increase from thi year\u2019s COLA, according to the most recent estimate from The Senior Citizens League, an advocacy group. That means the average beneficiary would receive almost $74 more a month from their Social Security check.<\/p>\n
Why This Matters<\/p>\n
More than 75 million Americans receive Social Security benefits. Knowing next year\u2019s benefit amount helps retirees plan their budgets and see whether Social Security is keeping pace with rising costs.<\/p>\n
This is still an early estimate based on the available inflation data. The Social Security Administration (SSA) will announce the official COLA in October. If the 2027 COLA is 3.8%, it would be the biggest boost since 2023.<\/p>\n
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The SSA calculates the COLA using the year-over-year change in inflation during the third quarter (July-September). The inflation measure used is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)<\/a>.<\/p>\n U.S. inflation ticked up earlier this year<\/a> following the start of the conflict in Iran, as energy prices rose and, in turn, other product prices followed suit.<\/p>\n However, the latest projected 2027 COLA is slightly smaller than last month\u2019s estimate, as a\u00a0truce in the war in Iran<\/a> cooled gas prices. In the latest CPI-W report for June<\/a>, which will not feed directly into the COLA formula, inflation fell by 0.4%, led mainly by a 9.7% drop in gasoline prices.<\/p>\n However, the slight dipmay not last. Gas prices in the third quarter of 2026 could pick back up as fighting in the Iran war resumed<\/a> this week.<\/p>\n