Senior Citizens League forecasts 2027 Social Security increase at 2.8 percent
Business · 27 August 2026
Written by AI from multiple news reports
The Senior Citizens League has forecast a 2.8 percent Social Security benefit increase for 2027, the same prediction it made in January. The official figure will be announced in October, based on inflation data from July to September.
The forecast follows a rise in the annual inflation rate to 3.3 percent. Higher oil prices and conflict in the Middle East have contributed to this increase.
The adjustment is meant to help retirees keep up with rising prices. However, between 2010 and 2024, it only kept pace with actual inflation in five of those years. In 2022, for example, benefits rose 5.9 percent while inflation hit 7 percent.