Key Points Few announcements are more anticipated by Social Security beneficiaries than the annual cost-of-living adjustment (COLA) reveal, which is set for Oct. 14. A second consecutive year with a Trump bump should deliver a well-above-average benefit boost for Social Security recipients in 2027. However, Trump bumps have a dark side and may worsen Social Security’s already precarious financial outlook. The $23,760 Social Security bonus most retirees completely overlook › For the nearly 55 million retired workers who brought home a Social Security benefit in July, there are few events more anticipated than the annual cost-of-living adjustment (COLA) reveal, which is slated for Oct. 14.
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