The webpage provides detailed information on the annual cost-of-living adjustment (COLA) that applies to Social Security benefits after initial eligibility. It offers a summary list of all options in this category, including estimates of the financial effect on the OASDI program over the long-range period (the next 75 years) and for the 75th year. The estimates are based on the intermediate assumptions described in the 2024 Trustees Report.
Visitors to the website can choose between summary or detailed estimates for different provisions related to Social Security COLA adjustments. Graphs and detailed single year tables are provided to help users understand the financial implications of each option.
For individuals interested in understanding how potential changes to the COLA adjustments may impact the Social Security program in the long term, this webpage offers valuable insights and analysis based on reliable data and projections.
Attribution:
This article was summarized and republished from the original source.
Please check the original article here: https://www.ssa.gov/oact/solvency/provisions/cola.html.