How Much More Could the 2027 Social Security COLA Put in Your Pocket?
The Senior Citizens League predicts a 2027 COLA of 3.9%. This is how much it would boost your monthly benefit.
Overview
No one can say for certain how large the 2027 Social Security cost-of-living adjustment (COLA) will be, but it's a good bet it's going to be around 3.9%. This is according to the Senior Citizens League (TSCL), which also notes that seniors are feeling the pinch of high inflation and that a 3.9% increase is unlikely to move the needle much.
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How much more money you can expect each month from a 3.9% COLA increase depends on how much you're currently receiving. For example:
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.