Social Security, SSI recipients
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Social Security's 2027 COLA could make history with a sixth straight increase above 2.5%, but rising costs and weaker purchasing power may offset the gains.
An above-average boost is likely on the way.
Discover how capping Social Security cost-of-living adjustments for top earners could save $115 billion, meeting 10% of the funding gap and extending the program's life.
Social Security back pay comes with special protections, but unpaid debt can still create risks in some situations.
Gus Bilirakis' proposal would create a commission to recommend reforms to prevent Social Security from running out of funds.