Social Security Increase September 2024 Lok. 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. The consumer price index report on oct.
Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. The cola was 3.2 percent in 2024.
