Brief
Senior Citizens League says 2027 Social Security COLA will rise 3.5%
Advocacy group forecasts a 3.5% boost, but warns it won’t solve long‑term funding gaps.
By Felo News Desk · Published
Advocacy group The Senior Citizens League says Social Security recipients in the United States are projected to receive a 3.5% cost‑of‑living adjustment (COLA) in 2027, raising the average monthly benefit from $1,941.76 to $2,009.72 – the biggest increase in four years.
The league warned that the adjustment will not provide long‑term financial stability for retirees struggling with rising daily costs. Federal projections indicate the Social Security trust fund could be depleted by 2032, which could trigger a 22% cut in monthly benefits to an average of $1,514.57.
A survey by the Employee Benefit Research Institute found that 40% of retirees lack confidence that Social Security or Medicare will retain their value in the future.
Key facts
- The 2027 COLA is projected at 3.5%, raising average monthly benefits to $2,009.72. (independent.co.uk)
- The increase would be the largest since 2023. (independent.co.uk)
- Federal projections warn the trust fund could run out by 2032, risking a 22% benefit cut. (independent.co.uk)
- 40% of retirees lack confidence in the future value of Social Security or Medicare, per an EBRI survey. (independent.co.uk)
Sources
- [1] independent.co.uk — originally reported as “What is the social security benefit increase for 2027? COLA forecast rises”
