The 2027 Social Security COLA Is Expected to Be Big. 2 Ways That Could Come Back to Bite Beneficiaries.
You might pay for that benefit boost later.
Overview
When you're struggling with Social Security checks that aren't going as far as they used to, learning that an above-average cost-of-living adjustment (COLA) could be on the way for 2027 feels like a cause for celebration. Don't get me wrong -- any increase is preferable to your checks remaining static.
However, there are actually a couple of pretty significant drawbacks to large Social Security COLAs that you may want to brace yourself for. You probably won't feel them right away, but they could make your budget tighter down the road.
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Details
Source
Originally published at www.fool.com.
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