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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 ...
The 77% adjustment matched the overall increase in prices of goods and services over the previous 10 years. Congress authorized another Social Security benefits increase of 12.5% two years later.
There were some years with 0% increases (most recently, 2015) and some with double-digit increases (1980 and 1981). There has been no increase of 6% or more since 1983 -- except for 2022, which ...
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 ...
On Oct. 13, 2022, the Social Security Administration announced that the annual cost-of-living adjustment for Social Security benefits in 2023 would be 8.7%. While on the surface it may seem like...
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 ...
This year's 3.2% COLA was above average over the past decade, and 2023's 8.7% COLA was a record-breaker. ... so that if there's a year when Social Security benefits barely get an increase, you won ...