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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 ...
The U.S. Social Security Administration announced Friday that beneficiaries will receive a 2 percent cost-of-living adjustment, or COLA, next year. 2018 Social Security bump is biggest in 6 years ...
In fact, Social Security beneficiaries received an 8.7% raise for 2022 after inflation spiked higher. Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%.
For retired workers, the disabled, and survivors, a cost-of-living adjustment (COLA) is headed their way. The biggest Social Security change in 2018 is flying under the radar Skip to main content
Social Security is arguably the most important social program for seniors -- here are a few important changes to expect in 2018.
The average 2.6% COLA would amount to a raise of just under $50 per month. While that can be helpful, it likely isn't enough to combat soaring inflation. Benefits are losing buying power
As a result of the 2008 financial and mortgage crisis, a hefty 5.8% increase in COLA was applied in 2009, the most significant increase that Social Security benefits had seen since 1982.
By March 4, the Social Security Administration had already paid 1,127,723 people retroactive benefits worth more than $7.5 billion, with the average person receiving $6,710. The remainder of the ...