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2027 Social Security Cost-of-Living Adjustment (COLA) set at 3.6%

The Motley Fool +1 ·

  1. 1The Social Security Administration (SSA) has set the 2027 Social Security Cost-of-Living Adjustment (COLA) rate at 3.6%.
  2. 2The calculation was made by comparing this year's average CPI-W of 328.746 with last year's average CPI-W of 317.265.
  3. 3The Senior Citizens League estimated that the purchasing power of Social Security benefits has declined by nearly 14% over the past 10 years.

So what's the key point?

The Social Security Administration decided to increase benefit payments by 3.6 percent for 2027 to match inflation. Analysis shows that the value of these benefits has fallen by about 14 percent over the last 10 years.

Source The Motley Fool +1 · View original ↗

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