Editor’s Note: The video in this story is from a previous report.
Attention retirees: The Social Security Administration is expected to announce its cost-of-living, or COLA increases for 2027 later this month.
Social Security payments are adjusted each year to account for cost of living changes and inflation. According to the SSA, the increase for the next calendar year will be announced Oct.14.
So how is it calculated and what could this mean?
Here’s what to know.
When will the 2027 COLA update be announced?
The official announcement is slated to be made on Oct. 14.
The adjustment is “based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W),” which are calculated on a monthly basis by the Bureau of Labor Statistics, according to the Social Security Administration.
“A COLA effective for December of the current year is equal to the percentage increase (if any) in the CPI-W from the average for the third quarter of the current year to the average for the third quarter of the last year in which a COLA became effective,” the SSA states on its website. “If there is an increase, it must be rounded to the nearest tenth of one percent. If there is no increase, or if the rounded increase is zero, there is no COLA for the year.”
How much of an increase is expected? Latest predictions
Oftentimes, predictions will be made about where the COLA will be come December.
The Senior Citizens League announced this week that it predicted the adjustment will sit at 3.6%, which if it took effect now would equate to $69.75 more in payments.
Meanwhile, Mary Johnson, an independent Social Security and Medicare analyst, told USA Today her predictions sat at 3.4%.
Those numbers are both down from predictions earlier this summer, which peaked at 3.8%.
“One of the biggest challenges this year has been the sharp swings in inflation. It started at 2.2% in January, climbed to 4.4% in May, then fell to 3.5% in June. Fortunately, our model is designed not to overreact to these swings, keeping our COLA projections relatively steady,” TSCL Executive Director Shannon Benton said in a release.
What about inflation?
U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday, a month before voters go to the polls in pivotal midterm elections at a time of discontent over the high cost of living and the state of the economy.
Hiring dropped from a revised 133,000 in August, the Labor Department said. The unemployment rate rose to a still-low 4.2% from 4.1% in August.
Economists had expected September payrolls to come in around 90,000.
The new hiring data could draw the Federal Reserve’s attention back to hiring and jobs, given that one of the central bank’s two mandates is to seek maximum employment. Many Fed officials have said in recent weeks that they are primarily focused on their other mission, which is combating inflation. With the job market looking a bit weaker, the Fed may be more inclined to keep its key rate unchanged when it meets next month, rather than raise it.
Still, the unemployment rate remains low and inflation has been above the central bank’s 2% target for more than five years, so the Fed’s concern about elevated prices is still front and center.
The U.S. job market has proven resilient in the face of a series of shocks — trade wars, persistent inflation, high interest rates and a conflict with Iran that has driven energy prices higher. Friday’s jobs report is the last one that will come out before the Nov. 3 elections that will determine whether President Donald Trump’s Republicans maintain full control of Congress.
Futures for the S&P 500 and Nasdaq composite added to their gains after the data was released, while Treasury yields moved lower. The yield on the 10-year Treasury was 5.17%, down from 5.24% a day earlier.
The U.S. job market has recovered from a dismal 2025, but ordinary Americans remain unhappy about the economy and the high cost of living.
Hence then, the article about social security 2027 cola date when projections come out and what to expect was published today ( ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Social Security 2027 COLA date: When projections come out and what to expect )
Also on site :
- 2000s Rock Frontman Opens for Ed Sheeran After His Tour Acts Quit: ‘Everybody Seems to Be Taking Sides’
- Taylor Swift Interrupts ‘SNL’ Host’s Monologue About 2 ‘Very Lame’ Breakups: ‘I’m Not Your Therapist, Actually’
- This Classic Ryan Murphy Series Is the No. 1 Best Show to Watch on Hulu Right Now According to Rotten Tomatoes