India, July 26 -- Social Security retirees in the US are expected to get a 3.8% cost-of-living adjustment (COLA) in 2027, according to the latest projection by The Senior Citizens' League's COLA Watch. If the projection becomes official, the average monthly Social Security retirement benefit would increase by about $77, taking it from roughly $2,026 to $2,103.41 per month.

Despite the increase, retirees would still receive about $597 less each month than the estimated average monthly living expenses of an older American, which are around $2,700. The projection has renewed calls from senior advocacy groups for changes in the way Social Security annual increases are calculated.

The Senior Citizens' League is urging Congress and the US pre...