Social Security COLA for 2027 expected to jump as inflation rises, estimate shows
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Social Security beneficiaries may see a 3.9% Cost of Living Adjustment (COLA) in 2027, according to The Senior Citizens League (TSCL), up from a previous estimate of 2.8%. This increase aims to help seniors cope with rising costs of essentials like healthcare and housing, which are outpacing general inflation. However, the average monthly increase of over $81 may not sufficiently cover these rising expenses. The ongoing inflation, exacerbated by global events, is significantly impacting middle-class and lower-income households, forcing them to reduce spending.
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