The Average Spousal Social Security Benefit Is Headed for an Above-Average Boost in 2027
This could be enough to help spousal benefits pass a historic milestone.
Overview
Spousal Social Security benefits are set to get a boost in January, alongside retirement benefits, thanks to the 2027 cost-of-living adjustment (COLA). We don't know what this will look like yet, but we can speculate based on recent projections.
High inflation has pushed up the COLA estimates over the last several months, making it increasingly likely that seniors will see an above-average boost compared to the last 50 years. And it could be enough to help spousal benefits reach a critical milestone.
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Originally published at www.fool.com.
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