2024 Social Security Increase Projection. It then generally declines to 6.1 percent by 2098. Over the long term, cbo projects that social security spending (assuming scheduled benefits are paid) will grow to $2.5 trillion (16.8 percent of taxable payroll or.

The nation’s 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the.