Social Security cost-of-living adjustment for 2027 may be above average. Some say it's not enough

Millions of Social Security beneficiaries may see a larger than average cost-of-living adjustment in 2027, according to experts' estimates. The Social Security Administration is expected to announce the COLA for 2027 on Wednesday with the release of new government inflation data. Social Security experts estimate that the COLA may raise benefits by 3.5% to 3.6% next year, which would be the largest increase in three years. Yet, even with an above-average increase, beneficiaries may still struggle to cover everyday costs . More than three-quarters of adults 50 years and older — 76% — said they do not think a projected 3.5% Social Security cost-of-living adjustment for 2027 would be enough, according to an AARP survey published Monday.