Tag Archives: COLA

The Social Security Administration announced Friday that benefit payments will rise 2.8% next year to offset higher living costs, giving the average retiree about $56 more per month beginning in January. The 2026 cost-of-living adjustment, or COLA, marks a slight increase over last year’s 2.5% rise but remains below the …

The United States’ Social Security Administration (SSA) has announced an 8.7% cost-of-living adjustment (COLA) for 2023 – the largest increase in four decades. The COLA affects the more than 70 million recipients of Social Security and Supplemental Security Income (SSI) benefits in the States, ensuring that their payments rise in …

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced Wednesday. The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022. According to some …