Social Security’s COLA could be 4.7% in 2027 as inflation hits the highest level in 3 years

Social Security COLA for 2027 could reach 4.7% as inflation hits a three-year high. However, another projection maintains the COLA at 3.8%, which still trails the average U.S. cost of living. These figures are critical because the Senior Citizens League reports that 44% of older Americans rely entirely on Social Security for their income. Both projections highlight the ongoing struggle to keep benefits aligned with the actual expenses faced by retirees.