Many people, especially retirees, pay a lot of attention to Social Security's annual cost-of-living adjustments (COLAs). That makes sense, because many of those in retirement need every dollar of benefits, and any increase makes life easier. The upcoming increase for 2027 is 3.6%. There's a much bigger issue for people to focus on, though: a big potential cut in benefits -- which is likely to be bigger in some states than others. Image source: Getty Images.
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