After the second quarter of 2022, the third quarter for the 2023 COLA adjustment period, the quarterly average has increased by 7.4%.

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 COLA
2022 5.9%
2021 1.3%
2020 1.6%
2019 2.8%
2018 2.0%
2017 0.3%
2016 0.0%
2015 1.7%
2014 1.5%
2013 1.7%
2012 3.6%
2011 0.0%
2010 0.0%
2009 5.8%
2008 2.3%
2007 3.3%
2006 4.1%
2005 2.7%
2004 2.1%
2003 1.4%
2002 2.6%
2001 3.5%
2000 2.4%
1999 1.3%
1998 2.1%
1997 2.9%
1996 2.6%
1995 2.8%