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US Inflation Rate Chart. ... 8.7% in 2023, and 3.2% in 2024. ... On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September ...
The current Social Security COLA projection for 2025 is 2.5%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on August's CPI-W data, which came in at 2.5%.
The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in 2023. The Social Security Administration sets its yearly COLA based on inflation during the third quarter, or from July ...
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 will not announce the official 2025 COLA until October, but The Senior Citizens League expects benefits to increase 2.6% next year. The chart below illustrates ...
Source: Social Security Administration. Chart by author. For some perspective, the average COLA since 1975 is 3.75%. The highest-ever COLA was 14.3% in 1980. In 2010, 2011, and 2016, there were no ...
In 2023, seniors on Social Security received a whopping 8.7% COLA-- the largest to arrive in decades. But this year's COLA was a relative disappointment at just 3.2%. A person holding a document ...
Consider it like this: If the average retired worker benefit at age 70 is $2,068 per month, and Social Security's 2025 COLA is 2.5%, then the average 70 year old will receive an additional $51.70 ...