We Won't Know Social Security's 2027 COLA Until Oct. 14 -- but Here's 1 Thing We Know Already
There's one aspect of the COLA that shouldn't be a mystery.
Overview
If you're eager to know what Social Security's 2027 cost-of-living adjustment (COLA) will amount to, you don't have to wait too much longer. The Social Security Administration is expected to announce the upcoming COLA on Oct. 14. That's the date September's Consumer Price Index (CPI) gets revealed.
Social Security COLAs are based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a subset of CPI. Changes to the CPI-W for the months of July, August, and September all get factored into the COLA. When there's a year-over-year increase, benefits get to go up.
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Originally published at www.fool.com.
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