Social Security's Falling 2027 COLA Estimate Has a Silver Lining Retirees Should Know About
You may not love the fact that the number has been going down, but there's a reason for it.
Overview
Social Security's cost-of-living adjustments, or COLAs, are extremely important to many retirees -- especially those who rely on Social Security for most or all of their monthly income. Those COLAs are what allow benefits to keep up with inflation, avoiding a scenario where seniors automatically fall behind year after year.
Back in January, Social Security benefits received a 2.8% COLA. And many retirees are no doubt hoping for a larger raise in 2027.
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Details
Source
Originally published at www.fool.com.
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