NEWSNATIONNOW (Laura Morrison) - Is your Social Security check going up in 2027? See the latest COLA estimates
More money could be on the way soon for those retirees who rely on Social Security.
More money could be on the way soon for those retirees who rely on Social Security.
If the AARP’s projection holds, the cost-of-living adjustment would be the largest since 2023.
Some analysts note that higher benefit payments would also increase Social Security's costs.
AI:Social Security beneficiaries may see a significant boost in their monthly checks due to a projected increase in the Cost of Living Adjustment (COLA) for 2027. While these higher benefit payments provide much-needed relief for millions of Americans facing inflationary pressures, analysts warn that such an increase will simultaneously drive up the overall costs and financial obligations of the Social Security program.Open
The Senior Citizens League cut its estimated 2027 Cost of Living Adjustment for Social Security to 3.6%. If that projection turns out accurate, the 2027 COLA will be the highest in four years.
The declining Japanese yen means many American troops stationed in Japan are likely to lose the allowance they receive to offset the cost of overseas goods and services, according to U.S. Forces Japan.
The Trust Fund is in trouble sooner rather than later.
Next year's Social Security COLA could hit 3.9%, a new estimate says.
The Pentagon’s data may not always reflect actual living costs due to “sampling practices that are not generalizable,” a watchdog report said.
"The plaintiffs argue that annual votes since 1992 to block automatic cost-of-living adjustments (COLAs) for members of Congress violated the 27th Amendment to the U.S. Constitution," the NTUF says
A key hearing is set for Friday involving a federal lawsuit by former and current members of Congress, who are arguing they've been unconstitutionally underpaid, and thus entitled to back pay. The under-the-radar case involving the Justice Department surrounds the question of whether the 27th Amendment has been violated by Congress not shifting its pay with cost-of-living adjustments over the years. The Hill's Courts and Legal Reporter Zach Schonfeld explains everything you need to know about the case.