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Social Security COLA for 2027 seen around 3.7% to 3.8% as inflation cools
Estimates suggest the 2027 cost-of-living adjustment could be lower than recent COLA levels, tied to softer inflation expectations.
New estimates reviewed by CNBC Markets suggest the Social Security annual cost-of-living adjustment for 2027 may land between 3.7% and 3.8, as inflation is expected to cool.
The estimate is based on the inflation outlook that determines the COLA formula, which would translate into slower growth in benefits compared with periods of higher price increases.
For Social Security beneficiaries, the projected COLA range indicates how much monthly benefits could be adjusted upward in 2027, depending on the final inflation data used for the calculation.