Social Security will announce its 2027 raise tomorrow. Here is what it means for you.
COLA means cost-of-living adjustment. It is the yearly raise for retirees. It tracks rising prices.
The Social Security office announces the 2027 number on October 14. It follows the September inflation report.
Experts forecast about 3.5 percent. That would add about $68 a month to the average check.
An average check near $1,940 would rise to about $2,008. That is roughly $68 more each month.
The 2026 raise was 2.8 percent. A 3.5 percent raise would be a step up from that.
Bigger checks start in January 2027. This month's payment dates are October 14, 21, and 28.
A bigger check does not always mean more buying power. Rising Medicare costs can eat part of the raise.
More than 68 million Americans get Social Security. For many, it is their main income.
Watch for the official number on October 14. This article is for information only, not financial advice.
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