Here's Why the 2027 Social Security COLA Could Be Lower Than Expected
The announcement date isn't far off now, but it's important to check your expectations.
Overview
If you're hoping for an above-average Social Security boost in 2027, there's a good chance you could get your wish. The most recent cost-of-living adjustment (COLA) projection from The Senior Citizens League estimates the 2027 COLA at about 3.8%. That's a whole percentage point higher than what seniors got in 2026.
That said, it's too early to start celebrating. We won't know the official COLA until mid-October, and there's still a chance that changes in inflation could cause the COLA to come in a bit lower than expected.
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.