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Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%. With that in mind, what would be considered a "typical" Social Security COLA?
Driven by stagflation and the energy crisis, 1980 was the single most impacted year, and due to double-digit inflation rates, it saw a record-breaking 14.3% COLA increase.
On Oct. 13, 2022, the Social Security Administration announced that the annual cost-of-living adjustment for Social Security benefits in 2023 would be 8.7%. While on the surface it may seem like...
The table below shows the increases over the last decade in the year they took effect. Year. COLA increase. Year. COLA increase. 2025. 2.5%. 2020. 1.6%. 2024. ... Savings interest rates today ...
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...
The average COLA: A snapshot in history The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s. Back then, the adjustments were much larger than they ...
The 2025 COLA of 2.5% is lower than the 3.4% received this year and well below the 8.7% received in 2023. However, it's nearly in line with the average annual Social Security benefits increase in ...
The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. That means the monthly benefits checks for more than 72.5 million Americans will see their lowest annual bump ...