Struggling Financially in 2026? Why Your 2027 Social Security COLA Won’t Bail You Out

Social Security recipients may, at this point, be used to getting bad news. Just search for the words "Social Security" online, and you'll learn all about how the program's trust funds are running dry, potentially leading to broad benefit cuts. But earlier this month, some good news came through on Social Security. The Social Security Administration announced that in 2027, benefits will receive a 3.6% cost-of-living adjustment (COLA). That's a significantly larger increase than the 2.8% COLA that arrived this past January. Image source: Getty Images.

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