Senior Citizens League Sees 2.8% 2027 Social Security COLA, Adding About $58 a Month
Updated
Updated · The Motley Fool · May 11
Senior Citizens League Sees 2.8% 2027 Social Security COLA, Adding About $58 a Month
16 articles · Updated · The Motley Fool · May 11
TSCL's latest estimate pegs the 2027 Social Security cost-of-living adjustment at 2.8%, unchanged from February and March and up from its 2.5% January projection.
A 2.8% COLA would add about $58 to the average $2,081 monthly benefit recorded in April 2026, or roughly $700 over a full year.
Inflation will decide whether that estimate rises: the COLA is based on third-quarter CPI-W data, and March inflation ticked up to 3.3% from 2.4% in January and February, helped by higher gas prices.
Even a bigger increase may offer limited relief, with a 2024 TSCL study finding Social Security has lost 20% of its buying power since 2010 and Medicare premiums likely to eat into 2027 checks.
The Social Security Administration is due to announce the official 2027 COLA in mid-October, after five more months of inflation data.
As rising Medicare costs erase benefit gains, is the Social Security COLA becoming a pay cut in disguise?
With a 23% benefit cut looming by 2033, what is the most realistic plan to save Social Security?