2022 COLA

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    Largest COLA for Social Security recipients since 1981

    Largest COLA for Social Security recipients since 1981 thumbnail Legislation enacted in 1973 provides for cost-of-living adjustments, or COLAs. With COLAs, Social Security and Supplemental Security Income keep pace with inflation. This chart indicates annual COLAs over the past five years. Graph by James Steindler

    In 2023, Social Security recipients will see a cost-of-living adjustment (COLA) of 8.7%, the most significant increase since 1981 and the fourth largest COLA in the history of the Social Security program.

    While the Social Security Act of 1935 created the Social Security Administration (SSA) as… read more →