Proposed 2027 COLA Could Push Social Security Checks to $2,000

WHO:

New York Post - Approximately 70 million Social Security and Supplemental Security Income beneficiaries are involved.

WHAT:

New York Post - Social Security recipients are expected to receive boosted monthly payments due to a proposed cost-of-living adjustment (COLA) for 2027.

New York Post - The average Social Security check is projected to reach $2,000.

WHEN:

New York Post - The Social Security Administration will announce the 2027 COLA on October 14, following the release of September's Consumer Price Index (CPI) data.

WHY:

New York Post - The COLA is based on the Consumer Price Index, which reflects inflation and cost-of-living changes.

HOW:

New York Post - The COLA adjustment is determined using data from the Bureau of Labor Statistics regarding the Consumer Price Index.

(UPDATED October 5, 2026 01:34 UTC)

Approximately 70 million Social Security and Supplemental Security Income beneficiaries are set to receive boosted monthly payments due to a proposed cost-of-living adjustment for 2027. The average Social Security check is projected to reach $2,000, with the official announcement of the COLA expected on October 14, following the release of September's Consumer Price Index data. This adjustment is determined using information from the Bureau of Labor Statistics, reflecting inflation and changes in the cost of living.