Inflation affects us all, but it can be especially challenging for the millions who rely on Social Security for their retirement income. That's why Social Security has an annual cost-of-living adjustment (COLA), which is intended to help keep pace with inflation and maintain retirees' purchasing power. On Oct. 14, the COLA for 2027 was officially set at 3.6%. It's the largest COLA since the 8.7% bump in 2023, but how does it compare to the past few decades? Let's take a look. Image source: Getty Images.
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