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🚨BREAKING: Social Security’s 2027 cost-of-living adjustment (COLA) will be 3.6 percent. SOCIAL SECURITY’S COLA IS ON THE BALLOT IN NOVEMBER

Every year, Social Security’s benefits are automatically adjusted to account for inflation. This is an essential feature of the system, which prevents benefits from eroding over time. Next year’s COLA can’t come soon enough for many Social Security beneficiaries.

The Trump administration's war of choice with Iran and tariff chaos have driven gasoline prices up nearly 40 percent, and caused grocery costs to skyrocket. The COLA adjustment will help. But it doesn’t fully account for the costs that Social Security beneficiaries face.

The measure used to calculate the COLA, the CPI-W, is designed to reflect the costs of working people — not retirees, who spend more of their income on healthcare, housing, and other bare necessities.

Many Republicans, including Speaker Mike Johnson, have endorsed plans to use a stingier measure, the chained CPI. THAT’S A CUT TO THE AMERICAN PEOPLE’S HARD-EARNED BENEFITS.

Over time, switching to the chained CPI, as the Republicans have proposed, would shrink yearly benefits by hundreds or thousands of dollars. Switching to the CPI-E, as Democrats have proposed, would increase benefits.

In 2032, within the six-year terms of U.S. Senators elected this November, Social Security is projected to face a funding shortfall. This would result in an automatic 22% benefit cut for all beneficiaries.