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This wasn't just an arbitrary date I picked to calculate a long-term average. 1975 was the first year when Social Security COLAs were based on Consumer Price Index (CPI) inflation data.
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 ...
The annual Social Security cost-of-living adjustment, or COLA, is based on third-quarter inflation data, so it was officially announced in October when the last of the official CPI data from the ...
For instance, the CPI-W increased 3.2% in the third quarter of 2023, so Social Security recipients got a 3.2% COLA in 2024. The Labor Department will publish September CPI-W data on Thursday, Oct ...
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
Next year's Social Security benefits increase will be close to the average increase over the last decade. Social Security COLA Update: Here's How Much the Average Benefit Will Increase in 2025 ...
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 most watched COLA update, of course, is the one that affects 67.7 million people, including roughly 53.2 million people age 65 and older. ... in that this year's average monthly Social ...