The Backwards Social Security COLA Rule That Will Probably Short-Change Seniors (Again) in 2027
This baffling decision has cost seniors for years.
Overview
Social Security beneficiaries are likely to get an above-average benefit boost in January 2027, according to recent cost-of-living adjustment (COLA) projections. But it'll likely be less than what you were hoping for, especially with the high inflation we've seen so far this year.
A big part of this is the very unintuitive way the government calculates Social Security COLAs. It has cost seniors in the past, and it probably will again in 2027.
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Details
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Originally published at www.fool.com.
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