Social Security Beneficiaries Just Got Some Tough News About the 2027 COLA
Your checks may not increase by as much as you'd hoped for next year.
Overview
Social Security beneficiaries will likely receive a smaller 2027 cost-of-living adjustment (COLA) than previous estimates suggested. The Senior Citizens League (TSCL), a nonpartisan senior group, recently updated its COLA forecast with new July data, lowering its estimate from 3.8% to 3.6%.
The COLA isn't locked in yet, though. We have to wait and see what inflation does over the next month and a half before we know what next year's benefit boost will look like, and a larger one may not actually give you the relief you're hoping for.
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Details
Source
Originally published at www.fool.com.
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