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Social Security announces cost of living increase for 2027

The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.

  • Social Security raises 2027 benefits by 3.6% to combat inflation
  • COLA based on CPI-W reflects 3.7% September inflation rise
  • Critics say increase may not fully restore seniors' purchasing power

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