Don’t get tooooo excited…….
We’re talking about and average of a bit over $80 a monthly check….
But that would equal almost a $1,000 a year….
Social Security beneficiaries could see a substantial bump in their checks in 2027, according to an early projection from The Senior Citizens League (TSCL).
The TSCL model predicts that the Cost of Living Adjustment (COLA) will be 3.9 percent next year, up from an earlier, “meager” projection that it would remain at 2.8 percent.
The annual COLA updates are meant to protect the purchasing power of Social Security beneficiaries when it comes to staple necessities such as food, housing and medicine. Increases vary and are meant to track inflation data.
“For retirees living on fixed incomes, the costs that matter most, especially healthcare, housing, utilities, and insurance, continue to rise faster than prices in the rest of the economy, silently wrenching seniors dry,” Executive Director Shannon Benton said in a statement. “This makes the national affordability conversation even more important than ever.”
The average monthly check would go up just over $81, not enough to cover rising costs, according to the TSCL…..
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Over 75 million Americans received Social Security and Supplemental Security Income (SSI) benefits in 2026….
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