If the Latest Social Security COLA Forecasts Are Correct, Here's How Much the Average Benefit Will Rise in 2027
It may help to know what the number looks like.
Overview
Social Security's 2027 cost-of-living adjustment, or COLA, won't be announced until October 2026. And there's a reason for that.
Social Security COLAs are based on third-quarter readings from the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W. When there's a rise in the CPI-W from one year to the next, benefits become eligible for a boost. But since we won't have a complete set of third-quarter data until October, the Social Security Administration (SSA) won't be able to confirm an official COLA until then.
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Details
Source
Originally published at www.fool.com.
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