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."
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The AARP's Rich Johnson said family budgets "have been under increasing pressure because of rising prices."
Data: Social Security Administration; Chart: Neil Irwin/AxiosSocial Security recipients will see the largest rise in their monthly payments in four years in January, with a 3.6% cost-of-living adjustment.Driving the news: The Social Security Administration announced the 2027 COLA adjustment for 76…
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%.
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