Social Security COLA Set to Rise | Cleveland News

Social Security’s next COLA could be the biggest jump in four years—projected at 3.6%, up from this year’s 2.8% and down slightly from last month’s forecast. If enacted now, it would add $69.75 to the average monthly benefit, pushing payments from just under $2,000 to over $2,000. The official numbers drop October 14th, with new amounts starting January checks. This adjustment reflects summer’s three-month consumer price trends, amid a decade of rising inflation far beyond the prior ten years. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6d95a2a94f85c88b