President Joe Biden has been making a few changes in hopes of helping the Social Security Administration (SSA). A few changes have even started taking effect, this article reports. Some of these changes include one of the largest cost-of-living adjustment (COLA) increases in 40 years, and raising the income threshold from $18,960 to $19,560.
New things are on the way for next year as well. The President has proposed an additional $1.8 billion to the Social Security Administration’s budget. The extra funding will help decrease customer wait times, create a better outreach program, and even simplify the application process for retirees.
Even with all the current and pending developments, there’s still a lot that needs to be done to help senior citizens enjoy a more financially secure future. That’s why Senior Security Alliance is working to get our groundbreaking bill passed. For more information about our bill and any progress we make, follow us on Facebook and Twitter.
