BoomerVille: 2027 Social Security COLA Could Bring Some Financial Comfort

 As we age, income from work tends to go down. So, even those of us Boomers who are still out there in the labor market or operating our own businesses are beyond our peak earnings years. We do depend on Social Security to get us through. 

So, it helps de-escalate our rising financial angst in these inflationary times to hear estimates about where our Social Security COLA could be for 2027. CNBC reports:

"The cost-of-living adjustment, or COLA, could be 3.2% in 2027 due to sharply rising gasoline prices ..."

Of course, some of that could be reduced if the monthly Medicare deduction increases yet again.

Amid all the gloom talk we Boomers still get it that we may be the last lucky gen in America. Despite severe recessions and stock market crashes we had the best of economic times, along with cheap higher education and degrees which were marketable. My first house outside Pittsburgh, Pennsylvania cost about $30K. It was a two-family so I rented out half. 

Currently many of us are with reserves in our checking accounts, nest eggs, Social Security, Medicare and the health to continue pulling in income by the sweat of our brow. At 80, I am a solopreneur. Actually, recently I have picked up new clients for my intuitive coaching/tarot readings boutique. In addition, I had learned to steer clear of debt. 

But, for so many of us Boomers our lifestyle is circumscribed. With fuel expense crushing there's usually less recreational travel. That was supposed to be the key perk of aging.

My weekly soul-saver to Geneva on the Lake is down to once a month.


I won't be driving to visit friends in Wichita, Kansas.

And no exploring what Mississippi is about, not this summer.

That's all small stuff, of course. BusinessInsider regularly features the unemployment and underemployment of Gen Z and Millennials. I worry about the job security of our much loved mail carrier now that the United States Postal System is in a dire financial position. Yes, I am relieved I never had children who could be struggling to maintain a middle class existence. 

After being totally out there as change agents we Boomers could be turning inward. There's way too much suffering. On a macro level, what can we do for the masses who could wind up losing everything? Even the car/rented van to sleep in?

Overdue are policy interventions by partnerships of government and business. Altruism could take the form of lobbying our elected officials and regulatory agencies. Help hasn't been on the way.

Earning a Good Living in 2026 Involves Mental Combat. The enemy is usually your own thinking.

Complimentary consultation. No Pressure. Solid Guidance. Contact Jane Genova janegenova374@gmail.com.


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