Bump

Social Security 2027 COLA could bring ‘Trump Bump’: How much could benefits rise?

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Social Security could get a 3.2%-3.3% COLA in 2027 as inflation and gas prices rise, but retirees may still struggle with higher living costs. (AFP)

Social Security benefits could get a so-called “Trump Bump” in 2027. But this increase may not be good news for retirees. The boost is expected to come from the yearly cost-of-living adjustmentor COLA, which helps Social Security payments keep up with inflation. The higher COLA estimate is linked to rising living costs, including higher gas … Read more