The 2027 Social Security cost of living adjustment (COLA) is expected to be significant, with one estimate suggesting a possible 4.7% increase. However, some reports indicate that the increase may still be disappointing, with at least one outlet suggesting it comes with a "steep price to pay" and another calling it "bad news for seniors". The exact impact and details of the 2027 COLA are still being determined, with data collection currently underway.