Social Security 2027 COLA estimate is shrinking as inflation cools. Here's what to know.

TL;DR

Projected 2027 Social Security COLA is now estimated at 3.5% to 3.6%, down from previous forecasts.
Easing inflation, with the July CPI showing a 3.4% annualized pace, is the reason for the revised estimates.
A 3.6% COLA could increase the average monthly benefit by about $75, to approximately $2,146.
The official 2027 COLA will be announced by the Social Security Administration on October 14th, based on July, August, and September CPI reports.
Despite benefit increases, many seniors feel the COLA doesn't keep pace with rising costs like groceries, housing, and healthcare.
A June survey found 89% of seniors felt the 2026 COLA of 2.8% was insufficient to cover inflation.

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