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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 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 ...
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.
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
When you look at the history of Social Security COLAs since the turn of the century, the 2025 COLA is remarkably average. It ranks as the 12th highest COLA since 2001 and sits just under the 2.58% ...
While Social Security's 2025 COLA didn ... and the smallest positive COLA in history (0.3% in 2017). ... Chances are that this loss of buying power will worsen in the upcoming year. The $ 22,924 ...