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Social Security's cost-of-living adjustments help retirees keep up with rising costs of living. ... Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2% ...
But when the 2.5% COLA kicks in for the new year, the typical retired worker will see a $49 per-month lift in their payout to $1,976, or roughly $588 extra per year.
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 ...
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 ...
We're only a few weeks away from finally learning what the 2025 Social Security cost-of-living adjustment will be.Current projections put it around 2.5%, less than the 3.2% beneficiaries got this ...
Each year's Social Security COLA is based on the inflation data from the prior year's third quarter. So the 2.5% COLA seniors got this month was calculated based on inflation from July through ...
The Social Security Administration has announced a 2.5% cost-of-living adjustment for recipients in 2025, the smallest such increase since 2021.
Next year's Social Security raise is already a disappointment. But things could get even worse in 2026. ... the program's annual cost-of-living adjustments (COLAs) are an important piece of the ...