Episode Details

Social Security recipients are eyeing a potentially bigger cost-of-living adjustment in 2027, with the COLA set to be announced in October and take effect in January—thanks to inflation data from the third quarter. While this automatic boost helps protect buying power for over 74 million Americans, debates rage over whether the formula truly reflects older adults’ spending habits, especially on healthcare and housing. Before 1975, benefit hikes required congressional approval—making today’s automatic adjustments a vital safeguard against inflation’s erosion of retirement income.

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