Social Security recipients a day away from major benefits update

Social Security recipients are one day away from a major benefits update. Years characterized by higher inflation, such as 2026, lead to higher COLAs. Specifically, the increase for 2027 is projected to be the highest seen in four years. Furthermore, this 2027 adjustment is expected to be the fourth highest increase recorded since 2008. These updates ensure that benefits keep pace with inflation to maintain the purchasing power of recipients over the coming years.