Breaking News
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According to a new estimates, Social Security recipients may experience a higher cost-of-living realignment in 2027.In light of this year’s persistently high inflation, a new report indicates that Social Security beneficiaries will experience a greater cost-of-living adjustment ( COLA ) in 2027.According to the most recent consumer price index ( CPI ) inflation data released on Tuesday, The Senior Citizens League ( TSCL ) analysis predicts that the 2027 COLA will be 3.8 %, or 1 percentage point higher than the 2026 COLA of 2.8 %. TSCL estimated that if the projected 3.8 % COLA took effect today, average benefits would rise by$ 73.62 from$ 1, 937.53 to$ 2, 011.15.The 3.8 % COLA estimate is lower than the 3.9 % projection from April, and it is still close to the prediction from the previous month.The Bureau of Labor Statistics ‘ CPI inflation statistics for the month of July, August, and September is used to calculate the Social Security COLA annually by regulation. The agency releases September prices data in mid-October, which usually precedes the announcement of the last COLA amount.<a href="https://www.foxbusiness.com/politics

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