A projected 3.8% cost-of-living adjustment could raise the average retirement benefit to $2,163 next year.
Social Security beneficiaries will receive a cost-of-living adjustment (COLA) in 2027, with estimates suggesting a 3.8% increase. This would add approximately $79 per month to the current average retirement benefit of $2,084, though the final figure will be announced on October 14.
The adjustment follows annual updates to account for inflation, with the 2027 COLA expected to be one of several changes affecting retirees. Other updates include higher earnings thresholds for retirement credits, which may impact eligibility for future beneficiaries.
The Senior Citizens League’s estimate aligns with recent inflation trends, though the official COLA could vary based on economic data. The adjustment will apply to all beneficiaries starting in January 2027.