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Here’s a look at how benefits have changed in good times and leaner ones. trekandshoot / Shutterstock.com
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. But how exactly do recent COLAs 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…
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