Direct answer: It looks like you asked for the COLA (cost-of-living adjustment) for Social Security in 202? (the query shows "202" which seems incomplete). Here’s how to interpret the possible intent and provide guidance:
- If you meant 2022: The COLA for Social Security benefits in 2022 was 5.9%. This means monthly checks generally increased by 5.9% starting in January 2022. SSI recipients also saw adjustments consistent with the annual COLA, subject to program rules. If you need a precise breakdown by benefit type or year, I can pull the official figures and show the exact dollar impact for a given benefit and payment date.
- If you meant 2023 or 2024: The COLA for 2023 was 8.7%, and for 2024 it was 3.2%. If you intended a different year, please confirm the year, and I’ll provide the exact percentage and explain how it affects your monthly benefit.
- If you meant the current/latest year (2025 or 2026 projections): The COLA amounts for those years have been discussed in recent announcements, with the exact percentage determined by the Bureau of Labor Statistics’ CPI-W data for the third quarter of the prior year. I can fetch the latest official figure and summarize how it affects SSA payments for 2025/2026 if you’d like.
What I can provide next:
- The exact COLA percentage for a specific year (e.g., 2022, 2023, 2024, 2025, or 2026) and a brief explanation of how it’s applied to Social Security and SSI benefits.
- A sample calculation showing how a given monthly benefit would increase under that year’s COLA.
- Links to official SSA resources for the precise annual announcement and any caveats (e.g., caps, income-based reductions, or SSI-specific rules).
Please confirm the exact year you want (e.g., 2022, 2023, 2024, 2025, or 2026), or tell me if you’d like the current announced COLA and its effective date, and I’ll provide the precise figures and a quick calculation.
