India, Aug. 18 -- Social Security benefits could get a so-called "Trump Bump" in 2027. But this increase may not be good news for retirees. The boost is expected to come from the yearly cost-of-living adjustment, or COLA, which helps Social Security payments keep up with inflation. The higher COLA estimate is linked to rising living costs, including higher gas prices and inflation.

Every year, Social Security adjusts benefit payments through the COLA to help beneficiaries deal with rising prices. The 2027 COLA is expected to be higher than the 2.8% increase seniors received in 2026. The official 2027 COLA announcement is expected in October 2026. Early estimates suggest the increase could be around 3.2% to 3.3%.

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