Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in ...
The projections make for grim reading, but lawmakers can shore up the program. Numerous potential fixes exist, ranging from reducing the annual cost-of-living adjustment (COLA) and increasing the full retirement age, to eliminating the Social Security wage ceiling and increasing the payroll tax. R...
The Social Security Administration sets its yearly COLA based on inflation during the third quarter, or from July through September. The agency takes the average inflation rate over that period from what's known as the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W,...
Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in 2...
Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in ...
Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in ...
Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in ...
Though a 2.5% hike would be less of an increase than the 3.2% received in 2024, it falls roughly within the bounds of the historical norm, which has averaged at about 2.6% over the past two decades. The COLA ran as low as 0.0% in 2010, 2011 and 2016, and as high as 8.7% in ...