Here's How Much the Average Social Security Check Could Increase in 2027 If Current COLA Projections Are Correct
The typical benefit could rise substantially.
Overview
If you're someone who gets a large chunk of your retirement income from Social Security, there may be a pretty big question on your mind: What will 2027's cost-of-living adjustment (COLA) amount to?
It's a valid thing to want to know. After all, inflation has been soaring, and your current benefits may be falling behind. A large raise in the new year might seem like just the thing to help you regain some buying power.
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Details
Source
Originally published at www.fool.com.
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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.