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Data Source: Social Security Administration. Table by author. As you can see above, COLAs have cooled off since the elevated inflation of the late 1970s and early 1980s, meaning the 2.5% increase ...
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 ...
The vast majority of Social Security beneficiaries, roughly 75%, are retired workers who received an average monthly check of $1,920 as of August. That’s about $80 more than the year prior.
For instance, CPI-W inflation increased 2.5% in the third quarter last year, so Social Security payments increased 2.5% this year. That is the smallest COLA since 2021.
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.
Social Security benefits will get a cost-of-living adjustment to account for inflation in 2025 Nationwide Retirement Institute reports that 66% of surveyed adults incorrectly agreed with this ...
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 average Social Security check is $1,783.55 as of September 2024, according to data from the Social Security Administration. Individual benefits vary and could be more or less than the average ...