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As a result of the 2008 financial and mortgage crisis, a hefty 5.8% increase in COLA was applied in 2009, the most significant increase that Social Security benefits had seen since 1982.
A 2024 report from The Senior Citizens League revealed that Social Security has lost 20% of its purchasing power since 2010, and the average beneficiary would need an extra $370 per month just to ...
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 ...
Social Security's annual cost-of-living adjustments ... 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 ...
Image source: Getty Images. But in 2025, Social Security benefits will be rising by only 2.5% due to cooling inflation. And while that's not a terrible increase, it's disappointing in the context ...
In 2023, retirees received a Social Security increase of 8.7%. It was the largest annual cost-of-living adjustment (COLA) in four decades. The Social Security benefit increase fell sharply in 2024 ...
Next year's Social Security benefits increase will be close to the average increase over the last decade. Social Security COLA Update: Here's How Much the Average Benefit Will Increase in 2025 ...
All Social Security recipients will soon receive a raise. On Oct. 10, 2024, the Social Security Administration (SSA) announced that benefits for more than 72.5 million people will increase by 2.5% ...