Last month, the Social Security Administration announced that beneficiaries will receive a 2.5% cost-of-living adjustment ...

But the truth is that your monthly benefit is never truly locked in, because each year, Social Security recipients are ...

The 2025 Social Security COLA is 2.5%. That's less than the 3.2% beneficiaries got in 2024 and well under the 8.7% they got ...

Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the ...

The Social Security Administration uses the Consumer Price Index ... so the grass isn't always greener. Take 2023, for ...

Social Security benefits will increase by 8.7% in 2023 in response to high inflation, according to the federal government. That will be the largest cost-of-living adjustment (COLA) since 1981.

In fact, Social Security beneficiaries received an 8.7% raise for 2022 after inflation spiked higher. Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%.

The COLA is tied to the rate of inflation. With 40-year highs in price increases, the 2023 Social Security COLA aims to help retirees continue to pay for higher living expenses. When including the ...

The COLA has averaged about 2.6% over the ... by year comes from Annual Statistical Supplement to the Social Security Bulletin, 2023. You can view the information by viewing Table 3.C4 Average ...

The 8.7% Social Security cost-of-living adjustment for 2023 is significantly larger than the 5.9% COLA in 2022 and just 1.3% COLA in 2021. Previous Social Security COLAs have ranged from zero in ...

hence the high 8.7% COLA in 2023. I'm sure retirees appreciated the high increase, but many would have also preferred not to deal with record inflation at the time. Social Security keeps millions ...