Key Points Social Security's 2027 COLA should be announced in mid-October. For now, projections are 3.5% to 3.6%. The typical Social Security benefit could increase by over $70 per month next year, but there's a wild card to account for. The $23,760 Social Security bonus most retirees completely overlook › If you're eager to know how much your Social Security benefits will increase in 2027, you shouldn't have to wait much longer. The Social Security Administration should be able to officially announce a cost-of-living adjustment (COLA) for 2027 on Oct. 14. For now, though, there are estimates that can give you a sense of how much your monthly check might increase. Just don't get too comfortable with that number if you're also enrolled in Medicare.
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