Social Security's 3.8% COLA Forecast for 2027 Could Bring an Unexpected Upside
There's one silver lining to the high inflation we've all been dealing with.
Overview
All Americans have felt the strain on their wallets over the past several months as inflation continues to keep energy costs elevated. This, in turn, drives up the cost of everything else. But few have felt this more than seniors living off a fixed income.
Lucky for them, the latest 2027 Social Security cost-of-living adjustment (COLA) projections also account for this elevated inflation, and it's likely to bring some good news for beneficiaries next year.
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Originally published at www.fool.com.
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