If you're planning for retirement or already receiving benefits, your Social Security payments are a big deal. But what if those payments don't keep up with the rising cost of living, especially with talk of changes around 2027?
The Social Security COLA is trending because recent projections show the program's trust funds could be depleted by 2033-2035, potentially impacting future benefits.
While '2027' specifically isn't a depletion year, it's a key milestone in the 10-year projection window used by the Social Security Administration (SSA).