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Although the CPI-W is reported monthly, just the trailing-12-month readings ending in the third quarter (July, August, and September) are factored into Social Security's COLA calculation. If the ...
For instance, CPI-W inflation increased 2.5% in the third quarter last year, so Social Security payments increased 2.5% this year. That is the smallest COLA since 2021.
Although the CPI-W is reported monthly, only the trailing-12-month readings ending in July, August, and September (i.e., the third quarter) are factored into Social Security's COLA calculation. If ...
The COLA is based on third-quarter inflation data-- specifically, changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The SSA takes an average of the CPI-W's ...
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...
With another year in the books, Social Security retirees will look ahead to 2025. Retirees will receive a 2.5% cost-of-living adjustment (COLA), the smallest in four years because inflation ...
The Social Security adjustments from both years reflected this circumstance, and 2021 and 2022 saw COLAs of 5.9% and 8.7%, respectively. Both were the largest since the early 1980s.
The SSA announces the COLA for the next year as soon as the September CPI-W figure is available. This year, that's Oct. 10. It'll post the news Thursday morning on the SSA website .