Social Security Retirees: Here's Exactly When to Expect an Official 2027 COLA Announcement
You're going to have to sit tight a bit longer to get an answer.
Overview
If you collect Social Security, you may be painfully aware that this year's 2.8% cost-of-living adjustment (COLA) isn't cutting it. Inflation has been soaring since the Middle East conflict erupted. And now, your monthly benefits may not be keeping up with your costs.
That's the unfortunate thing about Social Security COLAs. Even though they're meant to help benefits keep pace with inflation, they're backward-facing.
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Details
Source
Originally published at www.fool.com.
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