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News
Social Security Recipients Could Get Their Biggest Raise in 3 Years. Here's Why
14+ hour, 24+ min ago (674+ words) Social Security recipients could see their biggest benefit increase in three years in 2027 as inflation continues to run hot. The Social Security cost-of-living adjustment, or COLA, is expected to be 3.5% next year, according to a new estimate from Mary Johnson,…...
Social Security's Stealth 14% Cut: Inflation Has Quietly Shrunk Your Benefits' Buying Power Since 2016
16+ hour, 43+ min ago (1026+ words) Your Social Security benefits come with annual cost-of-living raises, but a flaw buried in the government's inflation formula has been quietly eroding what those benefits can actually buy, and most retirees have no idea how much ground they have already…...
Social Security 2027 COLA Projected at 3.4% to 3.6% - News and Statistics
18+ hour, 57+ min ago (315+ words) Projections indicate that Social Security's 2027 cost-of-living adjustment may come in at no less than 3.4%, a boost that would translate into roughly $71 more per month for the typical retiree, as rising prices continue to pressure household budgets. Estimates from analysts for…...
US Inflation Prediction: Will 2027 Social Security COLA Rise?
22+ hour, 29+ min ago (521+ words) US Inflation Prediction: The newest U.S. inflation data helps Social Security retirees see what may happen with the 2027 COLA. Prices rose more in August, and inflation stayed higher than the Federal Reserve’s 2% goal. That has pushed expectations toward a bigger benefit…...
Social Security Cuts Projected for 2032: How Much Benefits Could Decline by State - AOL
1+ day, 3+ hour ago (451+ words) Social Security’s retirement trust fund is projected to be depleted in 2032, when about 78% of scheduled benefits could be paid.That would amount to roughly a 22% benefit cut if Congress does not act before the trust fund’s reserves are depleted.The…...
Why a Lower Social Security COLA Forecast for 2027 Could Be Good News for Retirees
22+ hour, 24+ min ago (303+ words) For millions of retirees who count on Social Security to help them make ends meet, a big benefits increase may sound like a good thing. So when the Senior Citizens League, a senior advocacy group, recently lowered its 2027 COLA prediction…...
What a New Flat-Rate Social Security COLA Would Mean for Retiree Taxes
1+ day, 3+ hour ago (972+ words) Lawmakers are floating several ideas about how to shore up Social Security. One involves changing the annual cost-of-living adjustment. Question: What if a smaller Social Security benefits increase for many retirees also meant a smaller federal tax bill for some?...
Social Security's Trump Bump-Powered 2027 COLA Should Yield a Rare Silver Lining and a Dark Cloud
23+ hour, 22+ min ago (733+ words) Social Security's COLA is the near-annual raise given to beneficiaries that accounts for inflation (rising prices). If a large basket of goods and services regularly purchased by Social Security recipients increases in cost by 2.5% from the previous year, benefits would…...
Here's the projected Social Security COLA for 2027, according to AARP
1+ day, 3+ hour ago (408+ words) SOUTHWEST FLORIDA (CBS) — Stubbornly hot inflation in August could push up the 2027 cost-of-living adjustment for Social Security recipients, according to a new estimate from AARP. The 2027 COLA is now projected at 3.6%, based on the August Consumer Price Index figures released…...
A New Government Report Found $291 Million in SSI Benefits That Were Never Delivered to Recipients
1+ day, 5+ hour ago (799+ words) New data reveals many SSI underpayments, some delayed for many years. The Supplemental Security Income (SSI) program pays senior benefits and benefits for individuals who are blind or disabled. Though federal programs are often criticized for overpayments, a new government…...