Social Security's immigration problem has been worsening for the last quarter of a century. For a majority of retirees, Social Security represents more than just a monthly check. This vital program provides a financial foundation without which an overwhelming percentage of aged beneficiaries would struggle.

Various news stories about Social Security have made headlines throughout the year, ranging from questions concerning its solvency to arguments over how the program should be funded. Particulars

Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

But the truth is that your monthly benefit is never truly locked in, because each year, Social Security recipients are eligible for an automatic cost-of-living adjustment (COLA).

The question of when to claim Social Security often becomes whether or not the payments will be enough for you in retirement. Even with cost-of-living adjustments to deal with inflation, many