Social Security recipients could see a major COLA boost in 2027 (opens original article in a new tab)

Social Security recipients may see a 3.3% cost-of-living adjustment in 2027, the third-largest increase in a decade, but concerns remain about long-term funding sustainability and rising inflation.

• Social Security benefits are predicted to increase by 3.3% in 2027, the third-highest jump in the past 10 years.
• The 2027 average monthly payment would be $2,087, up from $2,026 in 2026.
• Experts warn that Social Security funding may run out by 2032, potentially reducing payments by 30%.