Happy With Your 3.6% Social Security COLA? Here’s Why You Shouldn’t Be

For many seniors, there's no single income stream that's as valuable as Social Security. And that's what makes the program's annual cost-of-living adjustments, or COLAs, so important. Back in the day, Congress had to vote to give Social Security benefits an inflation boost. These days, benefits are automatically eligible for an annual inflation adjustment. Image source: Getty Images.

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