Hope You Didn't Already Spend That Huge Estimated 2027 Social Security COLA
Those crunching the numbers have decided that inflation isn't so bad now. At least compared to where it had been. That could affect your 2027 Social Security COLA - negatively. Remember how we were supposed to get a big fat increase. CNBC reports: "The Social Security COLA may be 3.7% in 2027, estimates Mary Johnson, an independent Social Security and Medicare analyst. That figure is one full percentage point below the 4.7% COLA for 2027 Johnson estimated last month." Are we ordinary folks missing something if we feel hit so hard by inflation, ranging from keeping a roof over our head to eating healthy? Perhaps we are the last of our species experiencing financial reality.