Key Points The official Social Security COLA will be revealed on Oct. 14. The SSA uses third-quarter inflation data to determine the COLA. Once it is revealed, Social Security recipients can use it to calculate their 2027 Social Security benefit. The $23,760 Social Security bonus most retirees completely overlook › The Social Security cost-of-living adjustment, or COLA, is something that millions of Social Security recipients watch every year. In simple terms, the COLA provides a much-needed raise to help seniors keep up with the rising costs of living. However, while millions of seniors will be watching for the COLA, the exact timing of the announcement and how the adjustment is calculated are not well understood by many.
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