Social Security is one of the most important social programs the U.S. offers. It gives retirees a financial base that far too many wouldn't otherwise have.

One key aspect of Social Security is that its payments are adjusted for inflation. Social Security's cost-of-living adjustment (COLA) sometimes gives retirees good news, and other times it seems to fail to keep up with rising costs. Here's what recent inflation data potentially says about the 2024 COLA.

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Source Fool.com