The Social Security COLA Watch Has Begun for 2027: Key Indicators to Track This Summer
The official COLA will be announced in October, but there are some key metrics to watch now to be ready.
Overview
Retirees receiving Social Security benefits count on cost-of-living adjustments (COLAs) to help their benefits maintain buying power. Since inflation means prices rise in most years, benefits must increase, or their real value will be suffer.
Each year, the Social Security Administration announces the following year's COLA in October. That's months away, and many retirees are eager to find out about any benefits bump as soon as possible.
Details
Fortunately, there are a few key indicators to watch during the summer months that can provide early insight into how big the COLA will be. Here's what they are.
Source
Originally published at www.fool.com.
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