Browsing Tag
Cost-of-Living-Adjustment (COLA)
113 posts
The cost-of-living adjustments (COLAs) for Social Security are a key feature designed to help benefits keep pace with inflation. See below for the link to 401(k) Specialists COLA page for a comprehensive history and explanation of how they came to be and how they work.
Social Security Cost of Living Adjustment (COLA)
Saving Social Security (Without Eliminating 401(k) Tax Advantages)
New brief from The Conference Board offers series of steps to shore up the program’s troubled finances
Early 2025 Social Security COLA Forecast Inches Up on Inflation Data
Long-term projection still sits well below this year’s 3.2% increase
Long-Term Inflation Forecast Sees 2025 with Lowest Social Security COLA Since 2020
The Senior Citizen’s League says early indications show next year’s increase could fall well below this year’s 3.2% raise
Haley Doubles Down on Raising Social Security Retirement Age for Younger Americans
During Wednesday’s Republican debate with Ron DeSantis, presidential candidate reiterates need to raise full retirement age for those in their 20s and younger
7 Key Social Security Metrics for 2024
Changes mean higher benefits, higher taxable limits
9 States Still Taxing Social Security Benefits in 2024
Missouri and Nebraska are latest states to drop Social Security taxes, bringing the number that still tax benefits down to single digits
Social Security Backers Worry Cuts on House Speaker Johnson’s Agenda
Social Security Works, National Committee to Preserve Social Security and Medicare issue statements warning against Johnson’s call to form “debt commission” that could cut entitlement programs
COLA Conundrum: 80% of Retirees Want Better Inflation Protection
Survey finds most seniors want Social Security cost of living adjustment based on index that closer tracks costs of households 62 and older
It’s Official: 2024 Social Security COLA Set at 3.2%
Today’s announcement means average monthly check will increase by slightly more than $57 per month
Official 2024 Social Security COLA Announcement Set for Oct. 12
Final forecast predicted 3.2% raise which would be less than half of 2023’s inflation-fueled 8.7% bump