Social Security's 2027 COLA Might Be Smaller Than Previously Expected
You may need to check your expectations.
Overview
In a year that's been tough on the wallet so far, many seniors have been holding out hope for a large 2027 Social Security cost-of-living adjustment (COLA), and it looked for a while like they might get their wish. Back in May, organizations like The Senior Citizens League (TSCL) were predicting a 3.9% COLA -- well above average for the last 50 years.
But recent events have thrown a wrench into things, and it now looks like the 2027 COLA may come in lower than previously thought. It's not all bad news, though.
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Details
Source
Originally published at www.fool.com.
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