Social Security sets its 2027 COLA increase at 3.6%. Here’s what that means for your benefits.
More than 75 million Americans will get a 3.6% boost to their monthly Social Security benefits next year, due to a cost-of-living adjustment announced Wednesday by the Social Security Administration. The 2027 cost-of-living adjustment, or COLA, represents the largest annual boost for Social Security recipients in four years. The bigger increase is meant to keep…
