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Social Security COLA Adjustments Drop | Durham News
Description
Retirees hoping for a big Social Security boost in 2027 are facing revised expectations—top analysts now predict a COLA between 3.7% and 3.8%, down from earlier forecasts. Slowing inflation, especially in June, and falling energy prices are driving the drop, but the final number won’t be set until October, based on Q3 data. Even with a 3.8% bump, buying power has eroded 14% since 2016, and critics say the formula doesn’t match seniors’ real spending needs. Bottom line: Social Security’s COLA is about keeping up, not getting ahead—so diversify your retirement income.
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