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Flat-Rate COLA Could Cut Social Security Shortfall in Half
A proposed flat-rate COLA for Social Security could close 50% of the program's 75-year funding gap while protecting low-income retirees from benefit cuts.
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A proposed flat-rate COLA for Social Security could close 50% of the program's 75-year funding gap while protecting low-income retirees from benefit cuts.
New forecasts project a 3.8% Social Security COLA for 2027, pushing average monthly benefits above $2,000 for the first time amid persistent inflation.
Forecasters project a 4% Social Security COLA for 2027, adding $80/month to benefits. Inflation driven by rising energy costs is behind the increase.