A projected 3.7% COLA could be eaten by rising Medicare and drug costs, raising questions about real gains for retirees.
Social Security checks could rise by 3.7% next year, but Medicare costs will rise too, analysts said.
Social Security recipients could see a 3.8% COLA in 2027, according to a new projection.
The exact COLA hike for Social Security benefits in 2027 won't be set until fall. But plenty are watching latest inflation numbers for clues.