Social Security's cost-of-living adjustment could rise 2.7%. But Medicare Part B premiums are set to rise even more, eating most of the COLA.

While the final COLA won’t be announced until October, projections are becoming more refined as midyear data solidifies.

Social Security payments in the U.S. are projected to increase by 2.7%, a slight rise from previous estimates. This adjustment aims to help beneficiaries maintain purchasing power amid inflation.