A new Social Security COLA projection may be cause for ‘worry,’ senior group says

(NEXSTAR) – If their current projections are right, next year’s cost-of-living adjustment (COLA) for senior citizens receiving Social Security benefits could be cause for “worry,” according to The Senior Citizens League.

The Senior Citizen’s League (TSCL), a nonpartisan organization aiming to educate older Americans about laws, rights and financial issues facing their demographic, predicted this week that 2027’s COLA would amount to a 2.8% increase — the same as 2026’s, which TSCL had called “meager” upon its announcement in November 2026.

“Americans are right to worry about our current COLA projection. The fact is that most senior households already get by on only about 58% as much income as their working-age counterparts, and you’d be hard-pressed to find a middle-class or working-class American who thinks the economy is doing well right now, especially as oil prices rise,” Shannon Benton, the executive director of TSCL, was quoted as saying in a recent press release.

TSCL bases its projections on the same metrics used by the Social Security Administration to calculate the annual COLA for retired beneficiaries. But the group has long argued that this data (i.e., the Bureau of Labor Statistics’........

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