Could the 2027 Social Security COLA Still Get a Downgrade Before Oct. 14? Here's What All Retirees Need to Know.
Current estimates point to a significant boost, but it's not set in stone.
Overview
If you're on Social Security and don't have much income outside of those monthly benefits, you may be painfully aware that your checks aren't going very far this year. Inflation has been a beast, and costs have been higher at the pump, at the supermarket, and just about everywhere.
Part of the problem is that inflation has outpaced the 2.8% cost-of-living adjustment (COLA) that Social Security benefits received back in January. But there may be some relief in sight.
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.