Millions of Social Security recipients could see a larger cost-of-living increase next year, according to one analyst.
WASHINGTON — The Social Security cost-of-living adjustment for 2027 could climb higher, according to one monthly estimate.
The cost-of-living adjustment, or COLA, could be 3.2% in 2027, according to Mary Johnson, an independent Social Security and Medicare policy analyst.
Multiple media outlets report Johnson’s updated estimate was based on March’s consumer price index data released Friday, which shows gas prices caused a sharp spike in inflation last month.
“This represents the biggest single-month jump we’ve
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