The Surprising Reason Social Security Beneficiaries May Not Like the Latest COLA Prediction
Even though the number looks promising, there's a hidden catch.
Overview
For seniors on Social Security, there's perhaps no more important a number than the annual cost-of-living adjustment, or COLA. Without COLAs, beneficiaries would be pretty much guaranteed to lose out on buying power from year to year.
In 2026, Social Security benefits got a 2.8% COLA, which many retirees were quick to blast as inadequate. And it's fair to assume that seniors are hoping for a more generous raise in 2027.
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Originally published at www.fool.com.
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