EconomyUnited States
September Inflation Hot; Social Security COLA Set at 3.6%
September CPI rose 3.7% annually on surging gas prices, triggering a 3.6% Social Security COLA for 2027 as the Fed weighs another rate hike.
—5 min read
Tag
4 articles
September CPI rose 3.7% annually on surging gas prices, triggering a 3.6% Social Security COLA for 2027 as the Fed weighs another rate hike.
A proposed flat-rate COLA for Social Security could close 50% of the program's 75-year funding gap while protecting low-income retirees from benefit cuts.
New forecasts project a 3.8% Social Security COLA for 2027, pushing average monthly benefits above $2,000 for the first time amid persistent inflation.
Forecasters project a 4% Social Security COLA for 2027, adding $80/month to benefits. Inflation driven by rising energy costs is behind the increase.