The Trump Bump for Your 2027 Social Security COLA Could Be Bigger Than Expected. Here's the Good News — and the Bad News.
Next year's Social Security increase could exceed the 3.5% consensus estimate.
Overview
As things stand, Social Security benefits will increase by around 3.5% in 2027. The Senior Citizens League (TSCL), a nonpartisan organization that advocates for seniors' issues, projects this will be the amount of next year's Social Security cost-of-living adjustment (COLA). So does independent Medicare and Social Security analyst Mary Johnson. AARP's COLA prediction is only slightly higher at 3.6%.
President Donald Trump doesn't set the COLA. However, his policies are shaping the extent of the increase. The "Trump bump" for your 2027 Social Security COLA could be bigger than expected -- and there's both good news and bad news.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.