Social Security 2024 Summary 2024. The platform repeats democrats’ push for a $15 minimum wage for all workers and highlights the increase in minimum wage under biden to $17.20 an hour for federal. The 2024 report projects that the combined oasdi trust funds have an actuarial deficit equal to 3.5 percent of taxable payroll, a decrease from the 3.61 percent shortfall.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Here are five important ways social security will be different in 2024.