ROANOKE, Va. – If you receive Social Security, your monthly benefit is expected to change next year.
That’s because Social Security benefits are adjusted each year for inflation through what’s known as a cost-of-living adjustment, or COLA.
The 2026 COLA was 2.8%. The Social Security Administration says it will announce the next COLA in October 2026.
How is the 2027 COLA calculated?
The Social Security Administration uses the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as the CPI-W, to calculate the annual COLA…