The 2027 COLA could be as high as 3.2% -- if today's inflation holds
The 2027 Social Security cost-of-living adjustment (COLA) could reach 3.2% if inflation trends continue. The COLA is determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), with predictions varying among analysts. The Senior Citizens League estimates a 2.8% increase, while Mary Johnson forecasts 3.2%. Concerns exist regarding the CPI-W's focus on worker costs rather than retirees, suggesting a potential need for a more suitable measure like the Consumer Price Index for the Elderly (CPI-E). The official COLA will be announced in October.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments