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Social Security's Biggest Raise in 41 Years Comes With an Unpleasant Surprise

Social Security's Biggest Raise in 41 Years Comes With an Unpleasant Surprise

Every month, close to 66 million people -- mostly retired workers -- receive a Social Security benefit. Since 2002, national pollster Gallup has surveyed retirees to decipher how important Social Security income is to making ends meet. With this in mind, it should come as no surprise that the annual cost-of-living adjustment (COLA) announcement from the Social Security Administration is the most-anticipated event every year.