COLA wars are coming for Social Security
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Millions of Americans will see changes to Social Security next year, and beyond higher monthly retirement benefits, more wages will be subject to Social Security taxes. The Social Security Administration announced that benefits will rise 3.6 percent in 2027 under the annual cost-of-living adjustment, or COLA.
The Social Security Administration announced a 3.6 percent COLA increase for 2027, boosting average monthly checks by $75 for 72 million Americans. Here is what to expect.
A significant benefit boost is just around the corner.