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COLA has varied widely over the past 10 years. The lowest COLA in that timeframe was in 2016 at 0.0%, and the highest was in 2023, when COLA was a whopping 8.7%. The Social Security 2024 COLA ...
Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
But when a given year's COLA isn't so generous, Social Security recipients can suffer. And unfortunately, based on recent inflation data, it's looking like 2025's Social Security COLA will be a ...
The shortfall would have a small impact if it were a one-time event, but the same thing happened with the previous COLA. Specifically, CPI-W inflation increased 3.8% in 2023, while benefits only ...
The 2025 COLA is the lowest since 2021 and down from 3.2% this year, mainly because of the nation’s falling inflation rate. Over the last decade, the COLA increase has averaged about 2.6% ...
For nearly 70 million Americans receiving Social Security benefits, the countdown to the next Cost-of-living Adjustment (COLA) is on. The Social Security Administration (SSA) will announce the ...
The COLA announced in 2023 and payable this year was 3.2%, following a steep 8.7% rise in 2022 — the largest increase since 1981. Inflation measures the change in prices, not whether they are ...
If the 2.9% number held and both August and September also showed the same year-over-year increase, then retirees would get a 2.9% raise in 2025. This would be the smallest benefits increase since ...