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.

Key Points The 2026 annual cost-of-living adjustment (COLA) could come in light again based on recent data. As inflation has slowed, COLAs have come down in recent years.However, millions of retirees who are at least 65 should see significant savings from recent legislation.