Few announcements are more anticipated by Social Security's nearly 55 million retired-worker beneficiaries than the annual cost-of-living adjustment (COLA). Social Security's COLA represents the near-annual raise passed on to beneficiaries to offset the inflation (rising prices) they've faced over the last year. Social Security's 2027 COLA, announced on Oct. 14, is among the largest over the last 35 years, thanks in part to President Donald Trump and elevated inflation, which has been fueled, in part, by his policies. President Trump's policies have fueled an outsize Social Security raise. Image source: Official White House Photo by Shealah Craighead, courtesy of the National Archives.
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