Is a Larger Social Security COLA in 2027 a Given? Here's Why it Could Be Smaller Than Expected
It's too soon for retirees to bank on a bigger raise.
Overview
If you're collecting Social Security, you may already be spending a lot of time thinking about what your cost-of-living adjustment, or COLA, will amount to in 2027. And if you were disappointed in the 2.8% COLA that arrived earlier this year, you may be hoping that next year's raise is far more generous.
So far, estimates are pointing to a larger Social Security COLA for 2027. But that's not set in stone. And it's also important to recognize that next year's raise could easily end up coming in smaller than expected.
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Originally published at www.fool.com.
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