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In 1972, Congress passed major Social Security changes, including a 20% benefits increase effective in September 1972 and an automatic COLA to begin in 1975. 49 years of automatic Social Security ...
Social Security might seem like a staid, never-changing government benefits program, but the reality is that certain details about Social Security change nearly every year. In 2021, some major ...
Importantly, COLAs are designed to protect the buying power of Social Security by ensuring benefits increase at the same pace as inflation. ... That is the smallest COLA since 2021.
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. 3. You can earn more while claiming benefits early without getting penalized. Many people continue to work or earn money even after claiming Social ...
Social Security recipients can expect next year's annual cost-of-living adjustment (COLA) to be the lowest since 2021, following cooler inflation readings in July and August.
— The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021. On average, Social Security retirement benefits ...
As expected, Social Security recipients will be getting a 3.2% cost-of-living adjustment (COLA) in 2024 -- the lowest COLA since 2021, and well below this year's 8.7% adjustment. The Social ...