Here's What the 2027 Social Security COLA Could Do to the Average 62-Year-Old's Benefit
This could give you a rough idea of what might be coming your way in January.
Overview
The average 62-year-old will receive about $50 more per month from Social Security if the Senior Citizens League's latest 3.6% cost-of-living adjustment (COLA) prediction for 2027 holds. This might be less than you were hoping for, but it's actually above average compared to the last 50 years.
It's possible that the typical 62-year-old claimer could get more than this, though, if the COLA estimate increases over the next month. That depends on what inflation does.
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Details
Source
Originally published at www.fool.com.
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