The 2027 Social Security COLA Will Be Announced on Oct. 14. Here’s the Number to Expect.
By newsfeedback@fool.com (Matt Frankel, CFP®)
Read original article on Motley FoolWe're less than a month away from the official Social Security cost-of-living adjustment, or COLA, announcement. The Social Security Administration (SSA) will announce the raise beneficiaries will receive on Oct. 14 at about 8:30 a.m. Eastern.
The current estimate is a 3.5% increase, according to the Senior Citizens League. This is significantly larger than the 2.8% raise retirees received for 2026 and would exceed the long-term average. Of course, this is an estimate and not the official total. Here's how the final number will be determined and what it could mean for your monthly Social Security checks.
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