Key Points Social Security’s highly anticipated 2027 cost-of-living adjustment (COLA) will be revealed on Oct. 14. Thanks to a pair of President Donald Trump’s policies, Social Security’s 2027 raise should be among the largest since 1993. Though an outsize Social Security COLA can benefit tens of millions of seniors next year, it can further weaken an already financially compromised retirement program. The $23,760 Social Security bonus most retirees completely overlook › For a majority of the nearly 55 million retired workers bringing home a monthly Social Security benefit, this income isn't a luxury -- it's a necessity.
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