A Large 2027 Social Security COLA Could Come Back to Bite You in a Big Way
It's good news in the short term, but you may not be glad about it in the long term.
Overview
Seniors hoping for a large 2027 Social Security cost-of-living adjustment (COLA) may get their wish. Recent projections from The Senior Citizens League (TSCL) estimate the COLA will come in around 3.8%. That's above average compared to the last 50 years.
That's definitely more helpful to seniors today than a small COLA. But it comes with an unintended consequence that could hurt seniors in the long run.
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Details
Source
Originally published at www.fool.com.
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