July Is a Big Month for the 2027 Social Security COLA -- But We Won't Know How Big for a While
A lot of people are eyeing inflation data this month, but it won't tell the whole story.
Overview
If you're a retiree on Social Security, you probably know how important the program's annual cost-of-living adjustments (COLAs) are. Without those raises, your benefits wouldn't have a way to keep up with inflation.
Earlier this year, Social Security benefits got a 2.8% COLA. If you thought that was stingy, you weren't alone. A good 54% of Social Security recipients said a 2.8% COLA wouldn't cut it earlier this year in a Motley Fool research survey.
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Details
Source
Originally published at www.fool.com.
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