Why Seniors Anxiously Await the 2027 Social Security COLA Announcement

We are just two days away from learning what the 2027 Social Security cost-of-living announcement will be. According to Yahoo! Finance, analysts predict a 3.5 percent increase in benefit checks. That’s significantly larger than this year’s 2.8 percent COLA. It would equate to an additional $73 per month on average.

While every dollar counts these days, especially as the cost of gas and groceries remains high, this predicted COLA won’t make much of a difference for the millions of seniors who rely on Social Security for all their retirement income. They will still struggle to make ends meet.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual COLA, increased minimum benefits, and ensure the long-term solvency of the Social Security program.