Senior Citizens League Projects Cost-of-Living Adjustment to Be 3.8 Percent in 2027

The 12-month inflation rate was 3.8 percent in April, which then jumped to 4.2 percent in May.

Older adults shop during special hours for the elderly and disabled at Northgate Gonzalez Market in Los Angeles on March 19, 2020. Mario Tama/Getty Images

The Social Security Cost-of-Living Adjustment (COLA) for 2027 is expected to be 3.8 percent, up from this year’s COLA of 2.8 percent, The Senior Citizens League said in a June 10 statement.

COLA is an automatic annual change made to Social Security benefits to keep payments in line with changes in inflation. Currently, monthly Social Security payments amount to $2,026.41 per month for the average retiree. With the 3.8 percent increase, next year’s payments are projected to be $2,103.41, according to the organization.