The Social Security COLA the Year You Were Born

Each year, Social Security benefits increase by an amount based on the rate of inflation over the previous year. That’s known as a cost-of-living adjustment, or COLA, and 2023 will see the biggest one in decades.

But how exactly does the latest COLA compare with past increases? We took a look at Social Security data to find out.

Following are the cost-of-living adjustments for every year dating back to 1975, when automatic annual benefit increases began, as well as details for the years prior.

Note that each COLA is listed under the year in which Social Security beneficiaries started receiving it.

2023

Social Security cost-of-living adjustment (COLA): 8.7%

When this COLA becomes effective: With benefits payable for December 2022 (which beneficiaries receive in January 2023)

What this COLA was based on: Increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) — which is one of the federal government’s measures of inflation — over the year period ending with the third quarter of 2022

2022

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

When this COLA became effective: With benefits payable for December 2021 (which beneficiaries received in January 2022)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2021

2021

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

When this COLA became effective: With benefits payable for December 2020 (which beneficiaries received in January 2021)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2020

2020

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

When this COLA became effective: With benefits payable for December 2019 (which beneficiaries received in January 2020)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2019

2019

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

When this COLA became effective: With benefits payable for December 2018 (which beneficiaries received in January 2019)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2018

2018

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

When this COLA became effective: With benefits payable for December 2017 (which beneficiaries received in January 2018)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2017

2017

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

When this COLA became effective: With benefits payable for December 2016 (which beneficiaries received in January 2017)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2016

2016

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

When this COLA became effective: With benefits payable for December 2015 (which beneficiaries received in January 2016)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2015

2015

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

When this COLA became effective: With benefits payable for December 2014 (which beneficiaries received in January 2015)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2014

2014

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

When this COLA became effective: With benefits payable for December 2013 (which beneficiaries received in January 2014)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2013

2013

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

When this COLA became effective: With benefits payable for December 2012 (which beneficiaries received in January 2013)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2012

2012

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

When this COLA became effective: With benefits payable for December 2011 (which beneficiaries received in January 2012)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2011

2011

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

When this COLA became effective: With benefits payable for December 2010 (which beneficiaries received in January 2011)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2010

2010

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

When this COLA became effective: With benefits payable for December 2009 (which beneficiaries received in January 2010)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2009

2009

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

When this COLA became effective: With benefits payable for December 2008 (which beneficiaries received in January 2009)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2008

2008

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

When this COLA became effective: With benefits payable for December 2007 (which beneficiaries received in January 2008)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2007

2007

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

When this COLA became effective: With benefits payable for December 2006 (which beneficiaries received in January 2007)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2006

2006

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

When this COLA became effective: With benefits payable for December 2005 (which beneficiaries received in January 2006)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2005

2005

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

When this COLA became effective: With benefits payable for December 2004 (which beneficiaries received in January 2005)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2004

2004

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

When this COLA became effective: With benefits payable for December 2003 (which beneficiaries received in January 2004)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2003

2003

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

When this COLA became effective: With benefits payable for December 2002 (which beneficiaries received in January 2003)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2002

2002

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

When this COLA became effective: With benefits payable for December 2001 (which beneficiaries received in January 2002)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2001

2001

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

When this COLA became effective: With benefits payable for December 2000 (which beneficiaries received in January 2001)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 2000

2000

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

When this COLA became effective: With benefits payable for December 1999 (which beneficiaries received in January 2000)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1999

1999

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

When this COLA became effective: With benefits payable for December 1998 (which beneficiaries received in January 1999)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1998

1998

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

When this COLA became effective: With benefits payable for December 1997 (which beneficiaries received in January 1998)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1997

1997

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

When this COLA became effective: With benefits payable for December 1996 (which beneficiaries received in January 1997)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1996

1996

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

When this COLA became effective: With benefits payable for December 1995 (which beneficiaries received in January 1996)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1995

1995

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

When this COLA became effective: With benefits payable for December 1994 (which beneficiaries received in January 1995)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1994

1994

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

When this COLA became effective: With benefits payable for December 1993 (which beneficiaries received in January 1994)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1993

1993

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

When this COLA became effective: With benefits payable for December 1992 (which beneficiaries received in January 1993)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1992

1992

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

When this COLA became effective: With benefits payable for December 1991 (which beneficiaries received in January 1992)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1991

1991

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

When this COLA became effective: With benefits payable for December 1990 (which beneficiaries received in January 1991)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1990

1990

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

When this COLA became effective: With benefits payable for December 1989 (which beneficiaries received in January 1990)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1989

1989

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

When this COLA became effective: With benefits payable for December 1988 (which beneficiaries received in January 1989)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1988

1988

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

When this COLA became effective: With benefits payable for December 1987 (which beneficiaries received in January 1988)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1987

1987

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

When this COLA became effective: With benefits payable for December 1986 (which beneficiaries received in January 1987)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1986

1986

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

When this COLA became effective: With benefits payable for December 1985 (which beneficiaries received in January 1986)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1985

1985

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

When this COLA became effective: With benefits payable for December 1984 (which beneficiaries received in January 1985)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1984

1984

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

When this COLA became effective: With benefits payable for December 1983 (which beneficiaries received in January 1984)

What this COLA was based on: Increases in the CPI-W over the year period ending with the third quarter of 1983

1983

Beneficiaries saw no bump in their benefits in 1983. The COLA that was scheduled to go into effect in July 1983 was delayed by Social Security amendments, which pushed its effective date back to December 1983 and meant beneficiaries started receiving it in January 1984. The amendments also made all subsequent COLAs payable in January instead of July.

The CPI-W on which COLAs were based also changed in 1983. From 1975 through 1982, COLAs had been based on increases in the CPI-W over the year period ending in the first quarter of the year they became effective instead of the third quarter.

1982

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

When this COLA became effective: With benefits payable for June 1982 (which beneficiaries received in July 1982)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1982

1981

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

When this COLA became effective: With benefits payable for June 1981 (which beneficiaries received in July 1981)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1981

1980

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

When this COLA became effective: With benefits payable for June 1980 (which beneficiaries received in July 1980)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1980

1979

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

When this COLA became effective: With benefits payable for June 1979 (which beneficiaries received in July 1979)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1979

1978

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

When this COLA became effective: With benefits payable for June 1978 (which beneficiaries received in July 1978)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1978

1977

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

When this COLA became effective: With benefits payable for June 1977 (which beneficiaries received in July 1977)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1977

1976

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

When this COLA became effective: With benefits payable for June 1976 (which beneficiaries received in July 1976)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1976

1975

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

When this COLA became effective: With benefits payable for June 1975 (which beneficiaries received in July 1975)

What this COLA was based on: Increases in the CPI-W over the year period ending with the first quarter of 1975

1974 and earlier

Prior to 1975, cost-of-living adjustments were not automatic or annual — they happened only by legislation. According to the Congressional Research Service, they included:

• July 1974: 11% increase
• 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 became law in August 1935. Social Security numbers were first assigned after November 1936, and the taxes that fund Social Security to this day were first collected in January 1937.

The first monthly benefit was distributed in January 1940 — it was for $22.54. That’s about $456 in today’s dollars.