A cost-of-living adjustment, or COLA, is meant to help Social Security benefits keep pace with inflation. But even with modest increases, retirees may still feel the squeeze.
In 2026, a 2.8% COLA increased the average monthly retirement check by $56, affecting over 75 million Americans, according to the Social Security Administration (SSA). Early estimates suggest 2027 may bring a similarly small adjustment. If the Senior Citizens League predictions hold, the 2027 COLA could again be 2.8%. And some predictions are even smaller.
