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As a result of the 2008 financial and mortgage crisis, a hefty 5.8% increase in COLA was applied in 2009, the most significant increase that Social Security benefits had seen since 1982.
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?
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the smallest increase since 2021. This modest adjustment reflects a positive ...
Social Security payments saw a big bump in 2022 due to high inflation. Seniors saw an 8.7% increase in payments, which is the biggest Social Security annual increase since 1981. But in 2023, the...
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 ...
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% ...
A big uptick in the prevailing rate of inflation has sent COLAs soaring over the last three years. US Inflation Rate data by YCharts.. Say goodbye to your historic cost-of-living adjustment in 2025
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. For years, groups like The Senior Citizens League (TSCL) have been calling for changes to the way the government ...