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The Social Security Administration made its official 2025 COLA announcement in October. COLAs, though, are not adjusted during the year to account for month-to-month changes in inflation.
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 ...
By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
Data Source: Social Security Administration. Table by author. As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase ...
The problem is that Social Security’s annual increases haven’t always been enough, Benton said. For example, while there was a 5.9% COLA bump in 2022, inflation clocked in at 7% in 2021 and 6. ...
This is intended to help seniors and other Social Security recipients keep up with inflation and is based on Consumer Price Index (CPI) data from the third quarter of 2024. While the 2.5% COLA isn ...
But if inflation continues to cool in the new year, it could lead to an even smaller Social Security COLA than 2.5% for 2026. Don't be too reliant on Social Security COLAs.
Social Security's "COLA," which you've probably been hearing about endlessly for weeks, is the tool the SSA has to adjust Social Security benefits for the effects of inflation.