3 Must-Know COLA Facts Before the Big Announcement

The Social Security Administration is expected to announce the cost-of-living adjustment (COLA) for 2027 on Oct. 14. This adjustment affects millions of retirees and disabled Americans. The COLA is expected to be around 6.8%, which would be the highest in 40 years. However, some experts caution that this increase may not keep up with the actual rate of inflation.