Explore the latest developments concerning Social Security COLA.
Social Security COLA for 2027 may jump to 4.7%, one estimate finds. This chart shows prices driving the increase
Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data.
That points to a 4.7% Social Security cost-of-living adjustment for 2027, according to a new estimate from Mary Johnson, an independent Social Security and Medicare policy analyst. Last month, Johnson had forecast a 4.2% COLA for next year.
"There's a considerable likelihood that it's going to climb even higher than 4.7% as data continues to come in, especially on the gasoline prices," Johnson said. Â
The Social Security Administration typically announces the COLA for the following year in October, and the change is based on third-quarter data.
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