2027 Social Security COLAs May Reach a Level Not Seen in 4 Years
Seniors could be in for a large COLA next year -- and that's not necessarily a good thing.
2027 Social Security COLAs May Reach a Level Not Seen in 4 Years
Overview
Retirees who collect Social Security benefits are almost certainly going to get a raise next year. While seniors see an increase in benefits most years, this is not necessarily guaranteed. In 2027, though, retirees are not only on track for a benefits bump but will likely see one of the biggest raises in four years.
The raise comes courtesy of the cost-of-living adjustment (COLA), and while it may seem like good news for retirees to get much bigger checks, that's actually not necessarily the case.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
