The Old-Age, Survivors, and Disability Insurance wage base is projected to increase by about 3.6% to $174,900 in 2025, the Social Security Board of Trustees said in its 2024 annual report released May 6.
The report’s projections used intermediate assumptions set in December 2023, it said.
The report projects the wage base and other Social Security parameters using intermediate, high-cost, and low-cost models. All three models projected a wage base of $174,900 in 2025. The wage base is indexed annually based on the nationwide average wage index and the CPI for urban wage earners and clerical workers, the report said. ...
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