2027 Social Security COLA Gets a Downgrade: What Retirees Need to Brace For
Benefits may not rise as much as expected in the new year.
Overview
If you're on Social Security, there's one piece of information you probably await eagerly each year -- news of a cost-of-living adjustment, or COLA. Those annual raises are meant to help Social Security benefits keep up with rising costs, so retirees don't fall behind.
Earlier this year, Social Security benefits got a 2.8% COLA. And many retirees are hoping for a more generous raise in 2027.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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