Social Security's Trump Bump-Led 2027 COLA Will Be One of the Largest in 35 Years, but It May Financially Cripple America's Leading Retirement Program
Outsize Social Security raises come with unintended consequences.
The Social Security Administration's annual cost-of-living adjustment (COLA) for over 71 million beneficiaries will be revealed on October 14, 2027. This adjustment aims to counteract the impact of inflation on retirees' purchasing power. In the past 35 years, most COLA increases have been relatively small, but the 2027 COLA is expected to be one of the most substantial in recent history due to President Donald Trump's influence.
However, while larger monthly Social Security checks may provide much-needed relief for beneficiaries, the higher COLA comes at a significant financial cost for the already struggling retirement program.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.