5 Things All Retirees Need to Know About Social Security COLAs

Retirement wouldn't be possible for many Americans without Social Security. Roughly two in five Americans 65 and older rely upon it to provide over half their financial support, with more than one in 10 counting upon it for at least 90% of their support, according to the Social Security Administration (SSA).This dependence makes the high inflation of the last few years especially concerning, as Social Security checks generally remain fixed throughout the year. But that all changes -- at least a bit -- with the annual cost-of-living adjustment (COLA).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool