This Is the Average 2027 Social Security Benefit If the COLA Predictions Pan Out
If the Social Security COLA comes in as planned, here's how much the average benefit will be in 2027.
Overview
Social Security beneficiaries are expected to get a cost-of-living adjustment in 2027. This increase will take effect with the first checks of the new year and aims to help retirees keep pace with inflation.
The official COLA announcement is coming on Oct. 14, so retirees will know exactly how much extra money they can expect to collect at that time.
Details
Some experts have already estimated how large the COLA will be, though, and it can be helpful to look at how the average Social Security check will change once it is applied.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.