Social Security's 2027 COLA Forecast Was Just Updated. There's Bad News and Good News for Retirees.
Retirees on Social Security may get a smaller COLA than previously expected next year, but benefits may retain their purchasing power for the first time in several years.
Overview
In many cases, Social Security benefits are the largest source of income for retired workers. For that reason, many retirees look forward to the annual cost-of-living adjustment (COLA), pay raises designed to protect the purchasing power of benefits from inflation.
On that topic, Social Security beneficiaries recently got some bad news and some good news about the 2027 COLA. Here are the important details.
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Details
Source
Originally published at www.fool.com.
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