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The average Social Security COLA since 1975 I won't keep you in suspense. Since the modern method of determining the Social Security COLA went into effect in 1975, the average has been 3.77% .
The average Social Security COLA from 1975 to 2023 was 3.8%. However, the sky-high inflation in the 1970s and early 1980s skews this average somewhat. The median Social Security COLA during the ...
Data source: Social Security Administration, 2024 Annual Statistical Supplement. *As of November 2024. Back in 1984, the average monthly benefit was just $460.57 -- adding up to about $5,527 for ...
Image source: Getty Images. Back in December 1994, the average monthly benefit was just $697.34, adding up to about $8,368 for the year. Fast forward to November 2024, and the average retired ...
The average monthly Social Security retirement benefit was only $1,913 as of March -- amounting to about $23,000 over a year. That's not a lot, sadly, but if your earnings have been above average ...
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 ...