The First of 3 Critical Economic Data Points That Will Determine the 2027 Social Security COLA Is Out -- and It's Bad News for Retirees
July inflation data was recently released.
Overview
While investors were eagerly awaiting July inflation data for clues about how the Federal Reserve might proceed regarding interest rates at its September meeting, Social Security beneficiaries were watching for a different reason.
Inflation data plays a key role in determining the next year's cost-of-living adjustment (COLA), which typically increases benefits for tens of millions of Americans.
Details
The first of three critical economic data points that will help determine next year's COLA is now out -- and it's bad news for retirees.
Source
Originally published at www.fool.com.
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