The 2027 Social Security Cost-of-Living Adjustment (COLA) is estimated to be around 2.5%, adding $52 to the average $2,071 retirement benefit. While the official announcement won’t be made until October 2026, projections suggest a modest increase that may not keep up with rising costs. Seniors can prepare by relying on personal savings, exploring part-time work opportunities, and accessing other resources for financial assistance. Keeping track of future COLA projections can help manage expectations for next year’s benefits. Additionally, maximizing Social Security benefits could provide a significant boost to retirement income, offering financial security for the future.

Read more at Nasdaq: The First 2027 Social Security Cost-of-Living Adjustment (COLA) Projections Are in, and the News Isn’t Great