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Why to delay claiming Social Security — even when COLAs are high

Source: CNBC

InflationMonetary PolicyEconomic DataConsumer Demand & Retail

New estimates suggest the Social Security COLA for 2027 could be as high as 3.6%, which would increase benefits for retirees even if they delay claiming. The potential $ benefit boost is a modest tailwind for household purchasing power and near-term consumer demand.

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