These 3 Numbers Will Determine Your 2027 Social Security COLA
Written by Kailey Hagen for The Motley Fool -> Social Security's COLAs are based on changes in average third-quarter inflation data. We're still waiting on the data for July, August, and September of this year. The Social Security Administration will officially announce the 20
Social Security's COLAs are based on changes in average third-quarter inflation data.
We're still waiting on the data for July, August, and September of this year.
The Social Security Administration will officially announce the 2027 COLA in October.
Your Social Security benefits saw an above-average 2.8% increase in January, but it might not feel like enough with inflation crossing 3.8% in April. You'll get another benefit increase next year, but we don't yet know what it'll be.
Plenty of people are speculating where the 2027 Social Security cost-of-living adjustment (COLA) will end up. But we're missing three critical numbers that won't come in for another few months.
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Social Security's COLAs are based on changes in average third-quarter inflation data from one year to the next, as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). It's not as complicated as it sounds.
Every month, the Bureau of Labor Statistics releases a new CPI-W number. This indicates how much a basket of common goods and services costs. By looking at changes in the CPI-W data, we can track how quickly costs are rising.
