According to CBNC, Social Security reform could be a focal point for the new Administration as soon as this year.
Specifically, Congress may act to prevent the benefit reductions that the pandemic has created for those claiming benefits in 2022. Because the pandemic caused this gap, the article explains that it could be addressed in the next relief package.
Overall, President Biden proposed several changes to include in a Social Security reform while campaigning. For now, it seems we will just have to wait and see what changes will be made.
Senior Security Alliance is dedicated to helping senior citizens achieve a more financially secure living. That is why we have we urge Congress to pass the Senior Citizens Bill of Rights. To learn more about how you can help us get this bill passed, click here.