Social Security's 2027 COLA Estimate Is Likely to Have Jumped in September, Courtesy of a Trump Bump and the Stock Market's No. 1 Catalyst
Independent estimates called for a 3.5% Social Security raise after the August inflation report, but the final figure should be higher.
Overview
One of the most anticipated days of the year is rapidly approaching for Social Security's more than 71 million traditional beneficiaries (retired workers, workers with disabilities, and survivors of deceased workers). In less than two weeks, on Oct. 14, the U.S. Bureau of Labor Statistics will publish the September inflation report, providing the last puzzle piece needed to reveal Social Security's 2027 cost-of-living adjustment (COLA).
Social Security's COLA is the near-annual raise given to recipients that's intended to offset the inflation they've faced. If benefits didn't account for rising prices, the purchasing power of Social Security income would decline over time.
One of President Trump's policies is expected to give Social Security's 2027 COLA an added boost. Image source: Official White House Photo by Daniel Torok.
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Source
Originally published at www.fool.com.