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Social security benefits

As inflation moderates, so does Social Security's cost-of-living adjustment

by Savannah Maher
Sep 14, 2023
The 2024 cost-of-living adjustment comes out to 3.2%, a pretty modest amount compared to past years.
The annual cost-of-living adjustment, or COLA, is automatic and meant to stabilize the purchasing power of Social Security benefits.
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Social Security recipients to get their biggest cost-of-living raise in over 40 years

by Samantha Fields
Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
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Social Security recipients will get a 5.9% increase, the largest in decades

by Caroline Champlin
Oct 13, 2021
But inflation will eat into the raise.
The hike in Social Security payments for 2022 will help seniors cover rising costs for food, health care and rent.
Valerie Macon/AFP via Getty Images
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How 65 came to be defined as a turning point into old age

by Erika Beras
Jun 19, 2019
The origin story of 65 can be traced back to the 30s, when President Roosevelt sought to make retirement available to everyone.
Many of the regulars at The Allegheny Elks Lodge in Pittsburgh had a love/hate relationship with their 65th birthdays.
Erika Beras/Marketplace
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Undocumented immigrants quietly pay billions into Social Security and receive no benefits

by Nina Roberts
Jan 28, 2019
Undocumented immigrants contributed an estimated $13 billion into Social Security funds in 2016.
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility Philadelphia, Pennsylvania.
William Thomas Cain/ Getty Images
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Changing the way we measure inflation could boost Social Security benefits

by Peter Balonon-Rosen and Sean McHenry
Oct 6, 2017
Using an index that's representative of retirees would mean a bigger monthly check, but it's a tough sell.
Social Security checks are placed in bins before they are mailed at the U.S. Treasury printing facility in Philadelphia in 20005.
William Thomas Caine/Getty Images
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