2027 Social Security COLA Projections Ease to 3.4%-3.6%

According to Financial Advisor Magazine, Social Security cost-of-living adjustment projections for 2027 have narrowed to 3.4%-3.6%, down from earlier forecasts of 3.6%-3.8%. The range follows July CPI data showing annual inflation at 3.4%, per the Bureau of Labor Statistics. The Senior Citizens League projects 3.6%, which would lift average benefits by $69.75 to $2,007.28; independent analyst Mary Johnson estimates 3.4%. Last year's adjustment was 2.8%. The official figure is due in mid-October.

For advisors, the projection feeds retirement income models and client conversations. The mid-3% range is higher than 2025's 2.8% but well below the 8.7% adjustment in 2023. Because the final COLA depends on third-quarter inflation, advisors should watch August and September CPI data before locking in 2027 income assumptions.