The Social Security COLA the 12 months You Were Born

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Each 12 months, Social Security advantages improve by an quantity based mostly on the speed of inflation over the earlier 12 months. That’s referred to as a cost-of-living adjustment, or COLA, and 2022 noticed the largest one in many years.

The COLA for 2023 is prone to be even greater — however how does it examine with previous will increase? We took a have a look at Social Security information to seek out out.

Following are the cost-of-living changes for yearly courting again to 1975, when automated annual profit will increase started, in addition to particulars for the years prior. Note that every COLA is listed below the 12 months through which Social Security beneficiaries began receiving it.

2022

Retiree holding cashPixel-Shot / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 5.9%

When this COLA grew to become efficient: With advantages payable for December 2021 (which beneficiaries obtained in January 2022)

What this COLA was based mostly on: Increases within the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) — which is a measure of inflation — over the 12 months interval ending with the third quarter of 2021

2021

President Joe Bidenarchna nautiyal / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.3%

When this COLA grew to become efficient: With advantages payable for December 2020 (which beneficiaries obtained in January 2021)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2020

2020

man quarantined at homeAnna Lurye / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.6%

When this COLA grew to become efficient: With advantages payable for December 2019 (which beneficiaries obtained in January 2020)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2019

2019

Social Security and moneyJ.J. Gouin / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.8%

When this COLA grew to become efficient: With advantages payable for December 2018 (which beneficiaries obtained in January 2019)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2018

2018

Ventura, California home after fire in 2018Joseph Sohm / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.0%

When this COLA grew to become efficient: With advantages payable for December 2017 (which beneficiaries obtained in January 2018)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2017

2017

President Donald TrumpNicole Glass Photography / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 0.3%

When this COLA grew to become efficient: With advantages payable for December 2016 (which beneficiaries obtained in January 2017)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2016

2016

Man with empty walletAJR_photo / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 0%

When this COLA grew to become efficient: With advantages payable for December 2015 (which beneficiaries obtained in January 2016)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2015

2015

Supreme Court after gay marriage was legalized in 2015Rena Schild / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.7%

When this COLA grew to become efficient: With advantages payable for December 2014 (which beneficiaries obtained in January 2015)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2014

2014

Senior checking her mailboxVictorpr / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.5%

When this COLA grew to become efficient: With advantages payable for December 2013 (which beneficiaries obtained in January 2014)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2013

2013

Evan El-Amin / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.7%

When this COLA grew to become efficient: With advantages payable for December 2012 (which beneficiaries obtained in January 2013)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2012

2012

Home destroyed by hurricaneMishella / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.6%

When this COLA grew to become efficient: With advantages payable for December 2011 (which beneficiaries obtained in January 2012)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2011

2011

Uncle Sam cutting Social Security benefitsJim Barber / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 0%

When this COLA grew to become efficient: With advantages payable for December 2010 (which beneficiaries obtained in January 2011)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2010

2010

Worried seniors reviewing billsWHYFRAME / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 0%

When this COLA grew to become efficient: With advantages payable for December 2009 (which beneficiaries obtained in January 2010)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2009

2009

Barack ObamaRon Foster Shari / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 5.8%

When this COLA grew to become efficient: With advantages payable for December 2008 (which beneficiaries obtained in January 2009)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2008

2008

Newspaper headline about the 2008 financial crisisNorman Chan / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.3%

When this COLA grew to become efficient: With advantages payable for December 2007 (which beneficiaries obtained in January 2008)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2007

[relared]

2007

First generation iPhone in 2007marleyPug / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.3%

When this COLA grew to become efficient: With advantages payable for December 2006 (which beneficiaries obtained in January 2007)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2006

2006

Social Security paymentAlexey Rotanov / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 4.1%

When this COLA grew to become efficient: With advantages payable for December 2005 (which beneficiaries obtained in January 2006)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2005

2005

George W. BushJoseph August / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.7%

When this COLA grew to become efficient: With advantages payable for December 2004 (which beneficiaries obtained in January 2005)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2004

2004

Facebook on a laptop introduced in 2004Thaspol Sangsee / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.1%

When this COLA grew to become efficient: With advantages payable for December 2003 (which beneficiaries obtained in January 2004)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2003

2003

Sad senior manDiego Cervo / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.4%

When this COLA grew to become efficient: With advantages payable for December 2002 (which beneficiaries obtained in January 2003)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2002

2002

2002 Olympics in Salt Lake City, UtahKobby Dagan / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.6%

When this COLA grew to become efficient: With advantages payable for December 2001 (which beneficiaries obtained in January 2002)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2001

2001

The Twin Towers in New York City, 2001Benny Marty / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.5%

When this COLA grew to become efficient: With advantages payable for December 2000 (which beneficiaries obtained in January 2001)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 2000

2000

George W. BushChristopher Halloran / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.5%

When this COLA grew to become efficient: With advantages payable for December 1999 (which beneficiaries obtained in January 2000)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1999

1999

Sad senior looking out a windowdidesign021 / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.3%

When this COLA grew to become efficient: With advantages payable for December 1998 (which beneficiaries obtained in January 1999)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1998

1998

Woman getting mailSpectruminfo / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.1%

When this COLA grew to become efficient: With advantages payable for December 1997 (which beneficiaries obtained in January 1998)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1997

1997

Bill ClintonJoseph Sohm / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.9%

When this COLA grew to become efficient: With advantages payable for December 1996 (which beneficiaries obtained in January 1997)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1996

1996

Social SecurityMark Van Scyoc / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.6%

When this COLA grew to become efficient: With advantages payable for December 1995 (which beneficiaries obtained in January 1996)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1995

1995

Michael JordanEverett Collection / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.8%

When this COLA grew to become efficient: With advantages payable for December 1994 (which beneficiaries obtained in January 1995)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1994

1994

Central Perk cafe, a set for the series Friends in 1994Tero Vesalainen / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 2.6%

When this COLA grew to become efficient: With advantages payable for December 1993 (which beneficiaries obtained in January 1994)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1993

1993

Bill ClintonJoseph Sohm / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.0%

When this COLA grew to become efficient: With advantages payable for December 1992 (which beneficiaries obtained in January 1993)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1992

1992

1992 Los Angeles riotsJoseph Sohm / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.7%

When this COLA grew to become efficient: With advantages payable for December 1991 (which beneficiaries obtained in January 1992)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1991

1991

senior men having funDiego Cervo / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 5.4%

When this COLA grew to become efficient: With advantages payable for December 1990 (which beneficiaries obtained in January 1991)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1990

1990

Hubble Space Telescope launched in 1990Olivier LAURENT Photos / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 4.7%

When this COLA grew to become efficient: With advantages payable for December 1989 (which beneficiaries obtained in January 1990)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1989

1989

George H.W. Bushmark reinstein / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 4%

When this COLA grew to become efficient: With advantages payable for December 1988 (which beneficiaries obtained in January 1989)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1988

1988

Compact discs or CDs which passed vinyl in popularity in 1988kazzpix / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 4.2%

When this COLA grew to become efficient: With advantages payable for December 1987 (which beneficiaries obtained in January 1988)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1987

1987

Worried man in retirementErickson Stock / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 1.3%

When this COLA grew to become efficient: With advantages payable for December 1986 (which beneficiaries obtained in January 1987)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1986

1986

Social Security Administration branch in IndianapolisJonathan Weiss / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.1%

When this COLA grew to become efficient: With advantages payable for December 1985 (which beneficiaries obtained in January 1986)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1985

1985

President Ronald Reagan and First Lady Nancy Reaganmark reinstein / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.5%

When this COLA grew to become efficient: With advantages payable for December 1984 (which beneficiaries obtained in January 1985)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1984

1984

senior couple working on budgetLena Evans / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 3.5%

When this COLA grew to become efficient: With advantages payable for December 1983 (which beneficiaries obtained in January 1984)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the third quarter of 1983

1983

Social Security cardszimmytws / Shutterstock.com

Beneficiaries noticed no bump of their advantages in 1983. The COLA that was scheduled to enter impact in July 1983 was delayed by Social Security amendments, which pushed its efficient date again to December 1983 and meant beneficiaries began receiving it in January 1984. The amendments additionally made all subsequent COLAs payable in January as an alternative of July.

The CPI-W on which COLAs had been based mostly additionally modified in 1983. From 1975 by way of 1982, COLAs had been based mostly on will increase within the CPI-W over the 12 months interval ending within the first quarter of the 12 months they grew to become efficient as an alternative of the third quarter.

1982

360b / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 7.4%

When this COLA grew to become efficient: With advantages payable for June 1982 (which beneficiaries obtained in July 1982)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1982

1981

Ronald Reaganmark reinstein / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 11.2%

When this COLA grew to become efficient: With advantages payable for June 1981 (which beneficiaries obtained in July 1981)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1981

1980

Lake Placid, New Yorknyker / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 14.3%

When this COLA grew to become efficient: With advantages payable for June 1980 (which beneficiaries obtained in July 1980)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1980

1979

Sony cassette WalkmanNed Snowman / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 9.9%

When this COLA grew to become efficient: With advantages payable for June 1979 (which beneficiaries obtained in July 1979)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1979

1978

Social Security Administration brick signJames R. Martin / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 6.5%

When this COLA grew to become efficient: With advantages payable for June 1978 (which beneficiaries obtained in July 1978)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1978

1977

Atari video game system, invented in 1972Pit Stock / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 5.9%

When this COLA grew to become efficient: With advantages payable for June 1977 (which beneficiaries obtained in July 1977)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1977

1976

Jimmy CarterJoseph Sohm / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 6.4%

When this COLA grew to become efficient: With advantages payable for June 1976 (which beneficiaries obtained in July 1976)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1976

1975

Social Security paymentsSteve Heap / Shutterstock.com

Social Security cost-of-living adjustment (COLA): 8%

When this COLA grew to become efficient: With advantages payable for June 1975 (which beneficiaries obtained in July 1975)

What this COLA was based mostly on: Increases within the CPI-W over the 12 months interval ending with the primary quarter of 1975

1974 and earlier

U.S. CapitolOrhan Cam / Shutterstock.com

Prior to 1975, cost-of-living changes weren’t automated or annual — they occurred solely by laws. According to the Congressional Research Service, they included:

  • July 1974: 11% improve
  • April 1974: 7%
  • October 1972: 20%
  • February 1971: 10%
  • February 1970: 15%
  • March 1968: 13%
  • February 1965: 7%
  • February 1959: 7%
  • October 1954: 13%
  • October 1952: 12%
  • October 1950: 77%

The Social Security Act grew to become legislation in August 1935. Social Security numbers had been first assigned after November 1936, and the taxes that fund Social Security to at the present time had been first collected in January 1937.

The first month-to-month profit was distributed in January 1940 — it was for $22.54. That’s about $456 in at present’s {dollars}.

Disclosure: The data you learn right here is all the time goal. However, we typically obtain compensation while you click on hyperlinks inside our tales.

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