India, July 14 -- Benefits could shore up 3.8% if the first estimates for 2027 Social Security Cost-of-Living Adjustment (COLA), as per The Senior Citizens League. Though these are just initial estimates, with COLA number yet to be announced publicly, and slated for an October 14 reveal.

The higher Social Security payments based on the new COLA will start in January 2027, according to AL.com. The basis for COLA calculations is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The July August and September inflation data, which comprises the 3rd quarter of the financial year, is used to calculate the inflation.

It compares the average CPI-W for July-September 2026 with the average CPI-W for July-September 2025...