Social Security is arguably the most important social program for seniors. Each month, the Social Security Administration (SSA) divvies out more than 61 million stipends to eligible beneficiaries, of which 42 million are retired workers. Without this income, many of these seniors would likely struggle to make ends meet, especially with SSA data noting that 62% rely on Social Security for at least half of their monthly income.Every year, there is perhaps nothing more important for these folks than the annual cost-of-living adjustment (COLA) announcement from the SSA.