India, Oct. 11 -- The US Social Security Administration is expected to announce the 2027 cost-of-living adjustment (COLA) after the September inflation report is released on October 14. The US Bureau of Labor Statistics will publish the report at 8:30 am ET, providing the final inflation data needed to calculate the increase.

More than 71 million traditional Social Security beneficiaries could receive one of the biggest annual benefit increases in the last 35 years in 2027. However, while larger monthly payments could help beneficiaries manage higher expenses, they could also put more pressure on the programme's already strained finances, according to The Motley Fool.

The Senior Citizens League (TSCL), a nonpartisan advocacy group for o...