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Unfortunately, there have been a few years without an increase in the CPI-W, so there hasn’t been a cost-of-living increase in COLA for Social Security benefits. Since 1975, this has only ...
Since 1975, the Social Security COLA has been zero in three different years. (Note: Even in an deflationary environment, the COLA cannot be negative.) It has reached double digits twice, with a ...
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 ...
Source: Social Security Administration. Since 2014, the average COLA has landed at 2.6%. In some ways, it's a good thing that these adjustments are much lower than they were decades ago.
Here's the big picture: 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 2022 -- that means prices across ...
In recent years, Social Security's COLAs have been notably generous. This year's 3.2% COLA was above average over the past decade, and 2023's 8.7% COLA was a record-breaker. Social Security cards.
If the current-year average is higher, the percentage increase (rounded to the nearest tenth of 1%) will be the COLA for the next year. It's possible, though, that the average CPI-W for the third ...
2. It's fairly in line with the average COLA over the past 10 years. A 2.5% Social Security COLA might seem stingy compared to recent raises. Not only did benefits increase 3.2% at the start of ...