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Social Security COLA Set to Rise | Birmingham News
Description
Social Security’s COLA for 2027 is projected at 3.6%—a four-year high that could add $69 to the average monthly benefit, pushing it past $2,000. But don’t get too hopeful: inflation and rising Medicare costs may eat into those gains. The official number drops October 14th, based on CPI data from July through September. While this marks a rebound from smaller increases since 2023’s massive 8.7%, real buying power might not keep pace with the headline number.
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