The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League.

The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly benefit for retired workers to roughly $2,162, up from the current figure of $2,081, based on April 2026 figures from the Social Security Administration.

The adjustment, detailed in a report from Kiplinger, is tied to the Consumer Price Index for Urban Wage Earners details ⇒

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