Social Security's 3.5% COLA explained: Why seniors say higher heating bills and prescription costs could wipe out their raise
Social Security benefits could rise 3.5% in 2027, adding about $70 monthly to a $2,000 check. But higher heating bills and prescription costs may quickly absorb that increase. Medicare Part B premiums are also expected to rise, though less than the projected COLA.
The official adjustment will be announced October 14, after Septembers inflation figures are released.
Read the full report on The Economic Times
Story file
- Section
- Business
- Topics
- Economy & RBI
- First reported by
- The Economic Times
- Reporter
- piyush shukla
- Published
- Wednesday, 14 October 2026, 12:29 am IST
- Coverage
- One outlet so far
How this page works. The Headline Update lists this report from The Economic Times with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.
