If you're someone who gets a large chunk of your income from Social Security, then the program's annual cost-of-living adjustments, or COLAs, are probably pretty important to your finances. Even if you have savings, if you mostly live on Social Security, those boosts might spell the difference between pinching pennies and having more breathing room. At this point of the year, there's no need to speculate about how much Social Security benefits are going up in 2027. In mid-October, the Social Security Administration announced that benefits will be getting a 3.6% increase. That's considerably more generous than the 2.8% COLA that arrived earlier this year. Image source: Getty Images.
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