Cost Of Living 2024 Social Security Forecast By Year. The latest forecast for next year’s increase is 3.2%. About 70.6 million social security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
About 70.6 million social security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.
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