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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 are now. Between 1975 and 1982, COLAs ...
The annual Social Security COLA is based on the third-quarter change in the CPI-W, or Consumer Price Index for Urban Wage Earners and Clerical Workers. In July, the index rose 2.9%. In July, the ...
Since the modern method of determining the Social Security COLA went into effect in 1975, the average has been 3.77%. This is the result of adding all the historic COLAs since that time and ...
When you look at the history of Social Security COLAs since the turn of the century, the 2025 COLA is remarkably average. It ranks as the 12th highest COLA since 2001 and sits just under the 2.58% ...
Although the CPI-W is reported monthly, just the trailing-12-month readings ending in the third quarter (July, August, and September) are factored into Social Security's COLA calculation. If the ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The Social Security Administration is expected to announce the 2025 COLA in mid-October after the release of the September CPI data. Until then, this is still crystal-ball gazer time. “It’s ...
Social Security averages the CPI-W data for July, August, and September and compares it to the previous year's number. If the number is higher than the previous year's, the increase becomes the COLA.