Social Security’s 2027 COLA announced: What new benefits increase means to you

Social Security has announced the 2027 COLA, detailing what this new benefits increase means for recipients. The determination of the yearly COLA is based on a specific comparison of the CPI-W data. Specifically, the agency analyzes the figures from July, August, and September and compares them to the corresponding period from the previous year. This process ensures that the benefits increase aligns with the economic indicators tracked by the CPI-W during those three specific months.