TSCL Projects 3.8% COLA for 2027

Why it matters locally: A 3.8% cost-of-living adjustment (COLA) for 2027 would affect over 3.6 million Social Security beneficiaries across New York, impacting their purchasing power and economic stability.

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Washington—The Senior Citizens League (TSCL) estimates the 2027 cost-of-living adjustment (COLA) will reach 3.8%. This projection places the potential 2027 COLA 1.0 percentage point higher than the COLA implemented this year. TSCL updates its forecast monthly. The organization has consistently maintained its 3.8% estimate for the 2027 COLA during these updates. If implemented, a 3.8% COLA would rank as the 17th highest among all COLAs since their inception.