The co-founder of the Philadelphia Film Critics Circle, Stephen lives in suburban Philadelphia with his wife and two sons. Under the terms of the bill, Social Security recipients would receive a monthly check of 200 an annual increase of 2,400. Stephen Silver, a technology writer for The National Interest, is a journalist, essayist and film critic, who is also a contributor to The Philadelphia Inquirer, Philly Voice, Philadelphia Weekly, the Jewish Telegraphic Agency, Living Life Fearless, Backstage magazine, Broad Street Review and Splice Today. However, the Biden administration has not endorsed the bill. The chairman of the House Ways and Means Social Security Subcommittee, Larson recently held a hearing on the legislation, which has nearly 200 co-sponsors. John Larson (D-CT), is taking steps to address that issue, introducing a piece of legislation called Social Security 2100: A Sacred Trust.
#$200 social security increase full#
That means the SSA will be unable to pay out full benefits beginning in 2034 unless action is taken by Congress to shore up that fund. The other big piece of news this year about Social Security is that the main fund that funds that program is scheduled to run out of money in 2033, a year earlier than previously believed. "We are still going to see this tremendous problem with prices increasing faster than the COLA," Mary Johnson, Social Security and Medicare policy analyst at the Senior Citizens League, told CBS News. Approximately 64 million Social Security beneficiaries are seeing the largest cost-of-living adjustment increase in nearly 40 years 5.9 in 2022. Some are worried that even with the increase in COLA, seniors may find themselves in financial worry as a result of the continuing inflation. The next round of Social Security checks is due to go out in early May. Social Security recipients are urged to visit their My Social Security account for more information on their payments and how they will arrive.
0 kommentar(er)
