Cost-Of-Living Adjustment (COLA)
Average Wage Index
Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 1.3-percent COLA on October 13, 2020. We will announce the next COLA in October 2021.
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