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Unfortunately, there have been a few years without an increase in the CPI-W, so there hasn’t been a cost-of-living increase in COLA for Social Security benefits. Since 1975, this has only ...
Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%. With that in mind, what would be considered a "typical" Social Security COLA?
Source: Social Security Administration. Since 2014, the average COLA has landed at 2.6%. In some ways, it's a good thing that these adjustments are much lower than they were decades ago.
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 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 ...
Image source: Getty Images. The Social Security cost-of-living adjustment officially goes into effect in December of each year -- so technically speaking, the 2.5% adjustment was the 2024 COLA ...
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.
How the 2025 Social Security COLA compares to recent years. WPIX New York City, NY. Anna Kutz. October 20, 2024 at 7:26 AM ... (54%) view this year’s COLA adjustment as insufficient. A similar ...