AARP Predicts Significant Social Security Payment Increase

If the projection holds steady, it would be the largest cost-of-living adjustment since 2022.Senior citizens group AARP last week forecast a 3.6 percent increase in Social Security payments for 2027, citing current inflation data. If the projection holds steady, it would be the largest cost-of-living adjustment (COLA) since the 8.7 percent increase that took effect for 2023 benefits. The adjustment that went into effect for payments sent out in 2026 was 2.8 percent. The average monthly Social Security payment in July was about $2,086, and a 3.6 percent rise next year means retirees will receive about a $75 per month...