Social Security News 2024 Pdf. Relative to the size of the economy, spending for social security is projected to rise from 5.1 percent of gross domestic product (gdp) in 2024 to 6.7 percent of gdp in 2098 under the. Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023.

Social security will, if congress doesn’t act, face a 17 percent benefit shortfall for all of our beneficiaries currently in payment status. That would amount to a $17,400 cut for a typical couple who retires in 2033,.