Social Security COLA Countdown: Here's Why Retirees Could Get Their Biggest Increase in 4 Years
Retirees can expect a significantly higher Social Security increase next year.
Overview
The wait is almost over for roughly 55 million retirees who receive Social Security benefits. In just 17 days, the Social Security Administration (SSA) will announce how much the 2027 cost-of-living adjustment (COLA) will be.
Last year, Social Security beneficiaries received a 2.8% increase. It's a near certainty that the bump for 2027 will be higher. There's a very good chance that retirees could get their biggest increase in four years.
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Details
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Originally published at www.fool.com.
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