Cola Increase Projections For 2024 And Beyond. The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients saw in 2022 and 2023. One set of projections reflects a scenario in which the program continues to pay retirement, disability, and related benefits as scheduled under current law, regardless of whether the program’s two trust funds have sufficient balances to.
Achieved gross profit of $23 mm in q1 fy2025 representing a 67% increase over the first. The forecast for next year’s social security increase.
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