Here's the thing: the COLA rate is calculated based on the Consumer Price Index (CPI), which is like a big ol' basket of goods and services that the average person buys. And let us tell you, the CPI is like a high school prom queen - it's always changing and getting updated! This means that the COLA rate can fluctuate from year to year, making it super hard to predict.
But don't worry, we've got the scoop! Historically, the COLA rate has been pretty low-key, ranging from 0.3% to 3.6% over the past decade. However, with the current economic trends, some experts think that the 2027 COLA might be a bit higher than usual - fingers crossed! After all, who doesn't love a good surprise, right?
