As Social Security races toward insolvency, retirees are getting their biggest COLA boost in 4 years
The AARP's Rich Johnson said family budgets "have been under increasing pressure because of rising prices."
Fortune AI3 min read
3 stories
The AARP's Rich Johnson said family budgets "have been under increasing pressure because of rising prices."
Tens of millions of Social Security recipients will be seeing a bump in their monthly checks come January. On Wednesday, the Social Security Administration (SSA) announced that its annual cost-of-living adjustment (COLA) for 2027 will be 3.6%.
Social Security Administration (SSA) commissioner Frank Bisignano says he anticipates the federal government program will continue to exist for “another 90 years.” “This is a long journey.
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