2027 COLA Countdown: Social Security Retirees Should Mark Their Calendars for Oct. 14
Retirees will soon find out how much their benefits will increase in 2027.
Overview
There are always a few dates that Social Security retirees should mark on their calendars every year, and one of them is fast approaching.
A big part of the Social Security program is the annual cost-of-living adjustment (COLA), which determines how much a retiree's benefits will increase the following year. The goal of the COLA is to maintain the purchasing power of benefits in the face of inflation.
Details
Projected estimates for the 2027 COLA have bounced around all year long, but on Oct. 14, retirees will finally gain some clarity.
Source
Originally published at www.fool.com.
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