Social Security Increase 2024 Projections In India

Social Security Increase 2024 Projections In India. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. 2024 social security increase unveiling projections and cola benefits, early projections for 2025 indicated a 2.57% rise in the cola.

5.8 million people were newly awarded social security. Cbo projects that if social security paid benefits as scheduled, spending on the program would increase from 5.1 percent of gross domestic product (gdp) in 2024 to 6.7 percent in 2098.