COLA increases by year

table showing the entire history of social security cost of living increases since nineteen seventy five the most recent was announced on october twelfth and is three point two percent it will take effect on january first twenty twenty four

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* From 1975 to 1982, COLAs were based on inflation in the 2nd quarter of a year and applied to Social Security payments in July of that year. Since 1983, the COLA has been based on 3rd quarter inflation and takes effect in January of the following year.

Source: Social Security Administration