Social Security announces cost-of-living increase for 2027
The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.
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The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
