Social Security's 2027 COLA Is Shaping Up to Be a True Good News/Bad News Situation
Retirees need to be aware of what to expect.
Overview
At this point, many Social Security recipients are eager to know what next year's cost-of-living adjustment, or COLA, will amount to. And while they'll need to sit tight until October for word of an official COLA, there are estimates out there now on next year's raise.
Independent Social Security analyst Mary Johnson says that based on recent inflation readings, the 2027 COLA will be 3.4%. The Senior Citizens League, an advocacy group, is shooting a bit higher with its 3.6% estimate.
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Details
Source
Originally published at www.fool.com.
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