2024 Social Security Increase Projections. Sun, sep 10, 2023, 2:00 pm 3 min read. That increase is attributable to the.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Fg trade / getty images.
This Means Larger Checks To The More Than 66.
For reference, the 2023 ssa cola projections & the current year's cola stand at a higher 8.7%.
It Then Generally Declines To 6.1 Percent By.
The social security administration announced that beneficiaries will receive a 3.2% raise starting in january 2024.
Cbo Projects That If Social Security Paid Benefits As Scheduled, Spending On The Program Would Increase From 5.2 Percent Of Gross Domestic Product (Gdp) In 2023 To 7.0 Percent In 2097;