Summary
Rising inflation is boosting expectations for a larger Social Security cost-of-living adjustment (COLA) in 2027. Analysts now project a COLA between 3.8% and 4.7%, up from the 2.8% increase beneficiaries received in 2026. The increase reflects higher prices for essentials such as energy, housing, utilities, and groceries, which continue to strain retirees on fixed incomes. If current forecasts hold, the average monthly Social Security benefit could rise by roughly $77 to $95 next year. However, experts caution that the higher adjustment may still fail to fully offset rising living costs, while concerns about Social Security’s long-term funding challenges remain.
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