Social Security COLA projected at 2.8% for 2027, same as 2026 — What this means amid inflation
The Brief
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Social Security’s cost-of-living adjustment is projected to be 2.8% in 2027, unchanged from 2026, increasing the average monthly benefit for retirees by about $56.69.
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Lawmakers are weighing a proposal to cap benefits at $50,000 per individual as a way to address a funding shortfall that could lead to cuts of roughly 24% by 2032.