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Social Security: Cost-of-Living Adjustments (COLAs) and the System’s Projected Financial Shortfall

Published May 17, 2022Updated Jun 20, 2025

The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.

Social Security: Cost-of-Living Adjustments (COLAs) and the System’s Projected Financial S… — Informed