Senior Citizens League Lifts 2027 Social Security COLA Forecast to 3.9% From 2.8%
Updated
Updated · The Motley Fool · Jun 3
Senior Citizens League Lifts 2027 Social Security COLA Forecast to 3.9% From 2.8%
3 articles · Updated · The Motley Fool · Jun 3
Summary
TSCL now estimates a 3.9% Social Security cost-of-living adjustment for 2027, up from its earlier 2.8% forecast and above its more recent 3.3% view.
A 3.9% increase would raise a $2,000 monthly benefit to about $2,078 and a $3,000 benefit to roughly $3,117, though the group notes higher living costs could still outpace that gain.
October will bring the official 2027 COLA announcement, so the forecast could change again as inflation data comes in.
TSCL argues COLAs often understate seniors' inflation because they are tied to a worker-focused price index rather than the CPI-E, which gives more weight to healthcare and other retiree costs.
Around 2032, Social Security's trust fund surplus is projected to run out, potentially triggering about a 28% benefit cut unless Congress acts.