India, Aug. 1 -- Social Security recipients could see a higher monthly payment next year, with a new estimate projecting a 3.8% cost-of-living adjustment (COLA) for 2027.

The forecast from the nonpartisan advocacy group The Senior Citizens League suggests the 2027 adjustment could be larger than the 2.8% increase beneficiaries received in 2026. If the estimate holds, it would mark the biggest Social Security increase since 2022, when payments rose by 8.7% amid a period of high inflation.

However, the final adjustment will only be confirmed later this year after official inflation data is released.

Based on the current 3.8% projection, the average Social Security retirement benefit could rise by about $79 per month.

As of June, the ave...