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Next Year’s COLA Could Be Much of the Same

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Image by Brett Hondow from Pixabay

It’s only March, but analysts are already making projections as to what next year’s Social Security cost-of-living adjustment (COLA) will look like. And it’s not promising news for America’s seniors.

According to an article by The Motley Fool, it’s still too early to know for sure because COLAs are based on third quarter inflation data, but early indicators suggest that 2027 might be the same as 2026. If all things stay the same, experts predict another 2.8 percent COLA. With healthcare costs as high as they are, most seniors say they will still struggle financially.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. Not only will it provide a fair annual COLA, but it will give retirees an immediate benefits increase of about $200 a month, increased minimum benefits, and ensure the long-term solvency of the Social Security program.