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Economy

Social Security COLA for 2027 Expected to Decline as Inflation Moderates

August 30, 2026

Source Summary

The projected Cost of Living Adjustment (COLA) for Social Security in 2027 is expected to be lower than previous years as inflation continues to cool. A lower COLA results in smaller increases to Social Security benefit checks for recipients.

Why it matters

COLA adjustments directly determine the annual increase in Social Security payments, so a lower adjustment means reduced income growth for millions of beneficiaries.

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