Social Security Benefits Poised for Largest Cost-of-Living Rise Since 2023

Leading estimates indicate that the 2027 Social Security cost-of-living adjustment will fall between 3.5% and 3.6%, eclipsing the 2.8% increase granted in 2026 and marking the largest rise since the 8.7% jump after the COVID-19 inflation surge. AARP’s forecast stands at 3.6%, while the Senior Citizens League expects 3.5%. The official percentage will be calculated using the CPI-W average for July-September, with the September figure due from the Bureau of Labor Statistics on October 14.

Assuming the higher estimate, a typical retired worker’s monthly benefit would grow by about $75, raising the average check to roughly $2,163. Disabled workers and SSI recipients would see modest dollar gains as well. The adjustment will take effect for December 2026 payments, reaching beneficiaries in January 2027.