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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.
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 ...
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 cost-of-living adjustment (COLA) applied to Social Security payments in any given year is based on CPI-W inflation from the third quarter of the previous year. In that sense, COLAs are a ...
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...
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% ...
Although 2025's potentially history-making COLA looks to be off the table-- it's been 28 years since four consecutive cost-of-living adjustments came in at 2.6% or higher -- a fourth straight year ...
While the cost of living soared, retirees got some relief thanks to the COLA. Here is a look at the adjustments over the last decade. Year. Social Security COLA. 2015. 1.7%. 2016. 0%. 2017. 0.3% ...