2 Things Retirees Are Probably Getting Wrong About Social Security's Upcoming COLA

If you're among the millions of older Americans who collect Social Security each month, you may have been eager to learn what the 2027 cost-of-living adjustment, or COLA, would be. In case you missed the news, the official 2027 COLA is 3.6%. And that's a much larger raise than the 2.8% COLA that hit Social Security benefits this past January. Image source: Getty Images.

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