Why Social Security's 2027 COLA Can't Be Revealed Until October -- and What We Know So Far

Key Points Many seniors are anxious to know what their upcoming COLA will be. There's a reason that raise can't be announced until next month. There are estimates available for the 2027 COLA, but know that the number could change. The $23,760 Social Security bonus most retirees completely overlook › They say patience is a virtue. But if you're a retiree on Social Security who's struggling to keep up with rising costs, you may be running out of patience, and fast. That's understandable. The Middle East conflict, along with other factors, has caused many prices to increase this year, burdening seniors who get most or all of their retirement income from Social Security. And because inflation has outpaced the 2.