Social Security's 2027 COLA Could Be 3.6%. Here's Why That's Not Necessarily Great News.
A more generous raise always comes at a cost.
Overview
If you're just itching to know what your 2027 Social Security cost-of-living adjustment (COLA) will amount to, join the club. Many seniors are anxious to get news of their upcoming raise. And at this point, the wait is almost over.
The Social Security Administration is set to announce an official 2027 COLA on Oct. 14. That's when a key inflation report that's needed to calculate that raise is set to be released.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.