Social Security 2027 COLA: Millions of Social Security beneficiaries are keeping an eye on the upcoming cost-of-living adjustment, with plenty of people hoping the COLA will increase their pension in 2027 at a time when many retirees are dealing with high costs of day-to-day living. Every year, the Social Security Administration adjusts benefits according to the inflation rate, although the final figure is not known until the calculations are made by the government. Here’s everything you need to know.
When will the 2027 Social Security COLA be announced?
The Social Security Administration is scheduled to announce the official 2027 COLA on October 14, 2026, giving beneficiaries a firm date to watch. The adjustment is based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, and the final calculation uses inflation data from the third quarter. Because the COLA depends on the required inflation figures, projections released before the announcement can change.
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