Rising Gas Prices and Iran Conflict May Impact Social Security Cost-of-Living Adjustment in 2027
The ongoing conflict with Iran has led to rising gas prices, which could influence the cost-of-living adjustment (COLA) for Social Security recipients in 2027. The COLA is determined based on third-quarter CPI-W data and recent energy price increases have outpaced this year's 2.8% raise.
Topics: COLA gas prices inflation Social Security