Social Security's 3.5% COLA Forecast for 2027 Is Shaping Up to Be Unusually High
Potential bumps like this don't come around often.
Overview
Inflation can be especially hard for retirees because many rely on fixed-income sources. That's why Social Security has an annual cost-of-living adjustment (COLA) that's designed to help offset the loss of purchasing power over time. It's far from perfect, but it's something.
The official COLA will be announced in the coming days, on Oct. 14, but different organizations release ongoing forecasts throughout the year. One is The Senior Citizens League (TSCL), which currently forecasts a 3.5% COLA for 2027. If that forecast turns out true, it'll be well above the typical boost. Let's take a deeper dive into why.
Details
Source
Originally published at www.fool.com.
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