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Social Security COLA Set to Rise in 2027
Description
Social Security’s projected COLA for 2027 just got a boost—now forecast at 3.9% thanks to soaring inflation, especially energy prices. April’s CPI-W jumped nearly 4%, signaling a bigger-than-expected raise. For the average retiree getting $2,081 monthly, that means an extra $81—bringing payments to $2,162. But don’t get too excited yet: Medicare premiums could eat into those gains. Final numbers won’t be known until later this year, but for now, retirees may be looking at a slightly brighter financial outlook.
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