Social Security Benefits Seen Rising 3.3% in 2027 as Average Checks Top $2,087
Updated
Updated · The Independent · Jun 22
Social Security Benefits Seen Rising 3.3% in 2027 as Average Checks Top $2,087
3 articles · Updated · The Independent · Jun 22
Summary
A 3.3% 2027 cost-of-living adjustment would lift the average retiree benefit by more than $60 a month from 2026 levels to $2,087, according to The Senior Citizens League.
That increase would be the third-largest in a decade and reflects inflation pressure, though it would still trail April's 3.8% annual price gain after roughly matching January-March inflation.
Economists cited in the report expect inflation could reach 4% in May or June, with Middle East tensions a risk factor, meaning the COLA projection could move higher before the official October announcement.
Retirees still face a wider squeeze: Social Security's key trust fund is projected to run out by 2032, which could cut average monthly payments by as much as 30% to about $1,449.