After the final quarter of 2021, the first quarter for the 2023 COLA adjustment period, the quarterly average has increased by 1.6%.
How it Works
The 2023 Social Security COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2022 over the 2021 third quarter average.
Past Social Security COLA Increases
| Year | Social Security COLA |
|---|---|
| 2022 | 5.9% |
| 2021 | 1.3% |
| 2020 | 1.6% |
| 2019 | 2.80% |
| 2018 | 2.00% |
| 2017 | 0.30% |
| 2016 | 0.00% |
| 2015 | 1.70% |
| 2014 | 1.50% |
| 2013 | 1.70% |
| 2012 | 3.60% |
| 2011 | 0.00% |
| 2010 | 0.00% |
| 2009 | 5.80% |
| 2008 | 2.30% |
| 2007 | 3.30% |
| 2006 | 4.10% |
| 2005 | 2.70% |
| 2004 | 2.10% |
| 2003 | 1.40% |
| 2002 | 2.60% |
| 2001 | 3.50% |
| 2000 | 2.40% |
| 1999 | 1.30% |
| 1998 | 2.10% |
| 1997 | 2.90% |
| 1996 | 2.60% |
| 1995 |
2.80% |