Social Security recipients may get bigger benefit boost in 2027

Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 than they received for this year, according to new estimates that follow the release of August inflation data.By law, the annual Social Security COLA is calculated using the Bureau of Labor Statistics' consumer price index (CPI) inflation data for the months of July, August and September based on a variant of the dataset known as CPI-W. The COLA boosts beneficiaries' payments to account for a rise