Higher social security payouts for Americans in 2027 may put the retirement programme at risk - Here's how
New Delhi, Aug. 1 -- United States President Donald Trump's policies have driven inflation higher and increased potential social security payouts for Americans in 2027 threatening the country's retirement programme, according to an analysis by The Motley Fool.
In fact, it reported that the next projected payout in 2027 would be the fifth highest increase over the past 36 years in the US.
Notably, social security pay in the US is calculated using cost-of-living-adjustment i.e. COLA - which estimates peg would range between 3.7-3.8% in 2027, as per the report. However, while this means more money in the hands of beneficiaries, higher payouts also drain the fund's reserves much faster than originally forecast, putting the retirement progra...
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