The cost of living adjustment, commonly known as COLA, is an increase in Social Security benefits designed to counteract inflation.
In 2025, the cost-of-living adjustment (COLA) will be 2.5%. According to the Social Security Administration, Social Security and Supplemental Security Income (SSI) benefits for over 72.5 million Americans will increase by 2.5 percent in 2025.
The average increase in Social Security cost-of-living adjustments (COLA) over the past decade is about 2.6%.
Here are the COLA increases for the past decade:
2025: 2.5%
2024: 3.2%
2023: 8.7%
2022: 5.9%
2021: 1.3%
2020: 1.6%
2019: 2.8%
2018: 2.0%
2017: 0.3%
2016: 0.0%
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