Social Security COLAs Projections All the Way Through 2033
Tuesday, 14 May 2024, 10:03
Social Security Trustees Report Predictions
Nobody knows for sure, but here's what the Social Security Trustees Report predicts. Every year, the Social Security Administration releases an annual report from its board of trustees, informally known as the Social Security Trustees Report.
Future Projections by Social Security Trustees
- The low-cost scenario is the most optimistic case, while the high-cost scenario is the most pessimistic.
- The intermediate assumption is considered the most likely scenario.
- The report projects COLAs all the way through 2033 based on different scenarios.
COLA Predictions Through 2033
- 2024: Intermediate Case - 2.6%, Low-Cost Case - 2.7%, High-Cost Case - 2.5%
- 2025: Intermediate Case - 2.2%, Low-Cost Case - 3.0%, High-Cost Case - 1.8%
- 2026-2033 (each year): Intermediate Case - 2.4%, Low-Cost Case - 3.0%, High-Cost Case - 1.8%
It's worth emphasizing that these projections are based on realistic combinations of economic and social conditions, highlighting potential scenarios but not certainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.