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Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%. ... Getty Images. The average Social Security COLA since 1975 ... quarter data from the previous year. In ...
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 ...
Image source: Getty Images. The average COLA: A snapshot in history. The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s.
Image source: Getty Images. Back in December 1994, the average monthly benefit was just $697.34, adding up to about $8,368 for the year. Fast forward to November 2024, and the average retired ...
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...
It ranks as the 12th highest COLA since 2001 and sits just under the 2.58% average of the past 25 years. The table below, ranked from largest to smallest COLA, shows exactly how it stacks up. Rank
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 ...
Getty Images. The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. ... Many money experts note that this year’s COLA increase barely keeps up with inflation, and ...