Social Security's 2027 cost-of-living raise was just announced — is it big enough?
The Social Security Administration announced the 2027 cost-of-living adjustment (COLA) for benefits in mid-October 2026.
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As usual, surveys want answers lacking nuance. The 2.8% COLA is fine, even generous, for those of us with significant resources, not nearly enough for those for whom Social Security was originally intended.
If COLA isn't pegged to inflation, it damned well should be.
It is pegged to inflation. It's just that people who didn't earn much didn't contribute much and don't get much in the way of benefits. The average SS benefit in the US is $2,087.52 as of August according to the SSA. I don't think that people can live on that.