Social Security's Biggest Increase in Decades Has a Serious Problem

Happy New Year to all Social Security recipients. Some significant relief for your inflation-hit pocketbooks is on the way.

An 8.7% cost-of-living adjustment (COLA) is about to go into effect. There hasn't been a COLA that high since 1981.

Don't celebrate too much just yet. Social Security's biggest increase in decades has a serious problem.