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COLA Boost May Not Help Retirees | Raleigh News
Social Security may see its biggest benefit boost in years in 2027, with projections hovering around 3.7% to 3.8%, but retirees shouldn’t get too excited—Medicare premiums often devour most of that increase before it even hits their wallets. For those living on Social Security alone, inflation continues to outpace benefits, squeezing budgets on essentials like healthcare and housing. Analysts’ estimates have swung wildly—from a high of 4.7% to the current range—so final numbers won’t be set until October. While the COLA aims to keep up with costs, the real take-home gain for many retirees…
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