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Saving Advice
Saving Advice
Lifestyle
James Hendrickson

Your 2027 Social Security Raise Is Tracking at $70–$75 a Month. Medicare Is Already Lined Up to Take Part of It.

Concentrated senior spouses sitting at table full of papers and counting monthly expenses, using calculator, kitchen interior. Economy, family budget concept - 2027 Social Security COLA.
Concentrated senior spouses sitting at a table full of papers. Official Social Security COLA numbers are expected to be released on Wednesday, October 14th. Image source: Shutterstock.com.

If you collect Social Security, there are two important dates to note. Friday, Sept. 11, the Bureau of Labor Statistics releases its official August inflation data — the second of three months that set next year’s raise. Wednesday, Oct. 14, the Social Security Administration is expected to announce the official 2027 cost-of-living adjustment, or COLA.

Until then, how much of a COLA you’ll receive is still an estimate. Independent analyst Mary Johnson has it near 3.4%. AARP is at 3.5%. The Senior Citizens League, a nonpartisan seniors group, is at 3.6%. All three sit above the 2.8% COLA that began with January 2026 checks. None of these estimates are official.

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