The Economic Times

Social Security COLA news coming today - what it means as millions could see changes

Social Security COLA News 2027: Will Fed March 18 decision impact benefits increase forecast for retirees? Early projections suggest a 2.8% COLA. The Federal Reserves rate decision may not directly set COLA but shapes inflation outlook. Retirees should track CPI data closely, as it determines final adjustments. Lower inflation could mean smaller increases but better purchasing power, making this update critical for planning future Social Security benefits.