Many seniors today rely heavily on the monthly benefit they get from Social Security. For some, in fact, it's their only source of income.

Meanwhile, this year, Social Security benefits are getting a 3.2% cost-of-living adjustment (COLA). While that's more generous than some recent COLAs, it's a much smaller boost than the whopping 8.7% COLA Social Security beneficiaries received last year.

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Source Fool.com