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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.
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% ...
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...
But while history wasn't, ultimately, achieved, payouts are increasing by an above-average percentage. On Oct. 10, the SSA revealed a 2.5% COLA for 2025, which compares favorably to the 2.3% ...
QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
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% ...
In January of each year, Social Security recipients receive a cost of living adjustment (COLA) "to ensure that the purchasing power of Social Security and Supplemental Security Income (SSI) benefits is not eroded by inflation. It is based on the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W)".
Here's the history behind cost-of-living adjustments, how they work, and how Social Security COLAs could change for the worse.