What History's Highest Social Security COLAs Can Tell You Today
Because of how they're calculated, COLAs rarely allow recipients to "get ahead." Here's why.
Overview
Current predictions indicate that Social Security recipients are likely to receive a cost-of-living adjustment (COLA) of about 3.9% in 2027, thanks primarily to the high cost of living and inflation that doesn't seem to want to budge. And while 3.9% seems relatively high, it's nothing compared to some COLAs of the past.
Here, I'm taking a look at the history of COLAs, specifically at years when the benefit bump was truly high.
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Details
Source
Originally published at www.fool.com.
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