US Social Security beneficiaries may get a 2027 rise of about 3.5% to 3.6%, the biggest in three years. Many older adults still say it will not cover higher living and Medicare costs.
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01Summary
- 01The Social Security Administration is due to announce the 2027 cost-of-living adjustment on Wednesday alongside new inflation data.
- 02Experts estimate the 2027 COLA at 3.5% to 3.6%, which would be the largest increase in three years.
- 03An AARP survey of 1,023 adults aged 50 and over found 76% did not think a 3.5% increase would be enough.
- 04A 3.5% COLA would lift the average monthly benefit by $67.90 to about $2,008 from $1,940, according to the Senior Citizens League.
- 05Medicare Part B premiums are projected to rise to $209.50 in 2027 from $202.90 in 2026, which could reduce the benefit boost.
02Why it matters
The adjustment affects millions of retirees and other beneficiaries who rely on Social Security to meet day-to-day expenses. Rising Medicare premiums and other costs could leave many feeling little real improvement in their monthly income.
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