2024 Social Security Increase Percentage Chart

2024 Social Security Increase Percentage Chart. The trustees project that social security’s annual cost will increase from 5.2 percent of gdp in 2024 to about 6.4 percent in 2078. The percentage change is the cola for the following year.


2024 Social Security Increase Percentage Chart

Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024. 5.8 million people were newly awarded social security benefits in 2023.

2024 Social Security Increase Percentage Chart Images References :