With 2022 approaching, there are many changes that senior citizens can look forward to. According to US News, these impending changes include:

• Social Security payments increase by 5.9 percent
• The full retirement age (FRA) increases to 67 years old for anyone born in 1960.
• The Income threshold increases. Beneficiaries younger than the FRA can earn up to $19,560 before benefits start being withheld.
• Social Security statements have been redesigned to be easier to read and provide more information.
• The amount of earnings subjected to Social Security taxes will increase to $147,000.

These changes can be helpful to senior citizens. However, it is not enough. That is why Senior Security Alliance created our groundbreaking bill, The Senior Citizens Bill of Rights.

Learn more about our efforts to ensure all seniors have more financial security by visiting our page here.