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The percent increase then becomes the COLA in the following year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will get a 2.5% COLA in ...
Image source: Getty Images. Social Security benefits lost buying power in 2025. The cost-of-living adjustment (COLA) applied to Social Security payments in any given year is based on CPI-W ...
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
Because inflation surged in 2022 and 2023, Social Security provided unusually large COLAs for those years, at 5.9% and 8.7%, respectively. ... What is the VA benefits COLA increase for 2025 ...
The COLA for 2025 is the second straight year of more normal annual adjustments, following large increases seen in 2023 and 2022. The 2025 increase follows this year’s rise of 3.2 percent, which ...
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The 2025 Social Security COLA Is Doing Something It Hasn't Done for 28 Years ... January 2022 -- 5.9%. January 2023 -- 8.7% ... including several years when seniors saw a 0% annual increase in ...
How much did Social Security benefits go up in 2025? ... the 2.5% adjustment was the 2024 COLA. However, Social Security benefits are paid one month in arrears, so the December benefit is the ...