The 2027 Social Security COLA Forecast Just Increased Slightly. Here's Why You Don't Want it To Go Up Even More.

Key Points Following inflation data from August, Social Security's upcoming COLA projection has shifted upward. Many seniors are hoping to see a much larger raise. A giant COLA is a sign that inflation is picking up, which isn't helpful to retirees. The $23,760 Social Security bonus most retirees completely overlook › If someone were to offer you a smaller raise at work versus a larger one, which one would you be happier to accept? Clearly, most folks would take the larger bump to their paychecks. But in the context of Social Security, a larger cost-of-living adjustment (COLA) isn't necessarily more optimal than a smaller one. And that's a key thing to keep in mind as we gear up for an official 2027 Social Security COLA announcement.