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.
How Much More Could the 2027 Social Security COLA Put in Your Pocket?
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.
