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Jul 16, 2021 · Learn how the annual cost-of-living adjustment (COLA) for Social Security benefits is calculated and how it has changed over time. See the COLA amounts for each year since 1975, including the recent spike of 8.7 percent in 2023.
Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December.
Feb 6, 2024 · Learn how Social Security benefits have increased over time and why this matters to you. See the table of COLA increases by year from 1976 to 2024 and the factors that affect them.
Learn how the cost-of-living adjustment (COLA) affects Social Security and Supplemental Security Income (SSI) benefits, taxable maximums, and earnings limits. See the history of COLAs since 1975 and the latest increase of 3.2 percent for 2024.
Oct 9, 2022 · The adjustment for 2023, of 8.7 percent, was announced on Thursday. People can begin claiming Social Security at age 62. The Social Security Administration, the federal government agency...
Oct 12, 2023 · Learn how the cost-of-living adjustment (COLA) will raise Social Security and SSI payments by 3.2% in 2024. Find out how to access your COLA notice online or by mail, and what other changes will affect your benefits.
Oct 13, 2021 · Learn how the cost-of-living adjustment (COLA) affects your Social Security benefits and Supplemental Security Income (SSI) payments in 2022. Find out how to access your COLA notice online, opt out of mailed notices, and get answers to common questions.