Could Lower Inflation Mean a Lower Social Security COLA?

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They say there can be good news in bad news, and vice versa.

As inflation skyrocketed back in 2022, the 2023 Cost-of-Living Adjustment (COLA) for Social Security beneficiaries broke records. Throughout 2023, inflation cooled slightly according to some reports, so 2024’s COLA was much lower than its predecessor.

Of course we all want inflation to go down. But if these reported trends of price stabilization continue, could the COLA for next year be even lower?

If there’s even a hint of economic recovery, could it mean that policymakers may forget how crucial COLAs are to America’s seniors?

Not if we can help it. Will you help us make COLAs a priority? Prices are still high, and people need help. What’s more, retirees have already paid in. What’s fair is fair — learn about our commitment to it here, then follow us on Facebook and Twitter to join in the fight for America’s retirees.