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The projected 2027 cost-of-living adjustment (COLA) for Social Security beneficiaries is estimated at 3.9%, which could increase monthly benefits by varying amounts depending on current payments. This preliminary estimate, based on inflation data from the third quarter of 2026, is subject to change before final figures are announced. The increase aims to help retirees keep pace with rising costs, though many may see only a partial benefit due to deductions like Medicare premiums.
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