Here’s How the 2025 Social Security COLA Compares to Other Years
The Social Security Administration (SSA) announced that the cost-of-living adjustment will be 2.5 percent in 2025. According to CNBC, when that increase goes into effect in January, it will be the lowest adjustment to benefits that beneficiaries have seen in four years. In 2021, the COLA was a measly 1.3 percent. Still, it’s not as bad as in 2016, 2011, and 2010 when retirees received no benefits boost at all.
On the flip side, seniors have received some double-digit COLAs, the largest being in 1980 when it was 14.3 percent. In 1981 it dropped to 11.2 percent. Let us not forget that in 2023 the Social Security COLA was 8.7 percent.
The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees a fair annual COLA, an immediate benefits increase of about $200 a month, and it will ensure the long-term solvency of the Social Security program.
