Browsing Tag
Cost-of-Living-Adjustment (COLA)
107 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)
New Inflation Data Shows 2024 Social Security COLA Still Headed Below 3%
Latest forecast for next year’s cost of living adjustment stays below 3%, which would be significantly below this year’s 8.7% increase
Older Adults Greatly Underestimate Social Security Benefits: NBER Research
Working paper shows that on average they shortchange monthly income by $158 per month or nearly $2,000 per year
2024 Social Security COLA Could Drop Below 3%
Looming recession could mean next year’s cost-of-living adjustment will fall well short of this year’s historic 8.7% raise
Bernie Sanders Reintroduces Bill to Increase Social Security Benefits, Extend Solvency
Legislation comes at a time of heightened interest as CBO forecasts spike in spending and debt ceiling debate looms
Inflation Moderating, But Will Social Security Recipients Catch Up?
New analysis from The Senior Citizens League finds the average Social Security benefit has fallen short of inflation by more than $1,050 since the start of the pandemic
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
2022 Social Security COLA Falling Well Short of Inflation
Average monthly benefit check trails inflation rate by 46%, The Senior Citizens League reports
Social Security Updates Website: What’s New
Reimagined website launched this week prioritizes customer experience, adds benefit eligibility screener
What They’re Saying: Reaction to Today’s 8.7% Social Security COLA Announcement
The raise is historic, but reaction focuses largely on how the cost-of-living adjustment is calculated
Historic 8.7% Social Security COLA Finalized for 2023
Rising inflation causes highest raise in monthly benefits since 1981; will bump average monthly benefit check by more than $140