Social Security's 2027 COLA: There's Good News and Bad for Retirees
It's a mixed-bag situation for seniors hoping for a large raise.
Overview
There are many retirees who get most of their income from Social Security. Some retired folks even get 100% of their paycheck from those monthly benefits. For people in this boat, cost-of-living adjustment (COLA) announcements are important.
In 2026, Social Security benefits got a 2.8% COLA. And many seniors are hoping for a more generous raise in the new year.
Details
The bad news is that 2027's COLA projection just got downgraded. The good news is that it could actually spell relief for retirees in the near term.
Source
Originally published at www.fool.com.
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