The Urgent Need to Increase Social Security Benefits: A Call to Action

Economy Government Economics

Congress recently held a special meeting to address the pressing issue of increasing social security benefits and the burden of beneficiaries paying back over $21 billion. Despite no changes to benefits in the last 52 years, advocates are working to find solutions and get increases out to beneficiaries.

Challenges Faced by Social Security Beneficiaries

⚠️Congress had a special meeting to discuss increasing social security benefits and addressing the issue of beneficiaries paying back over $21 billion.

⚠️There have been no changes to social security benefits in the last 52 years, despite increasing inflation and cost of living.

⚠️Advocates are working with the Social Security Administration to find solutions and get increases out to beneficiaries.

⚠️Nearly 200 people have reached out to lawmakers in Congress about the issue.

⚠️Many families are struggling to repay thousands of dollars they don't have.

Challenges in Accessing and Receiving Social Security Benefits

⚠️The Social Security Administration's budget has not been increased as promised by President Biden.

⚠️It is challenging to contact the Social Security Administration and speak to a person.

⚠️Once approved for social security benefits, there is a wait time of up to five months to receive payments.

⚠️Over 40% of Social Security recipients rely solely on it for their income.

⚠️The COVID-19 pandemic has disproportionately affected people over 65, who are often on fixed incomes.

FAQ

How long has it been since social security benefits were last changed?

There have been no changes to social security benefits in the last 52 years.

What is the wait time to receive social security benefits once approved?

There is a wait time of up to five months to receive payments.

How has the COVID-19 pandemic affected social security recipients?

The COVID-19 pandemic has disproportionately affected people over 65, who are often on fixed incomes.

What percentage of social security recipients rely solely on it for their income?

Over 40% of Social Security recipients rely solely on it for their income.

How many people have reached out to lawmakers about the issue of social security benefits?

Nearly 200 people have reached out to lawmakers in Congress about the issue.

Summary with Timestamps

💰 0:01Congress is discussing increasing social security benefits and finding ways to get more money to social security beneficiaries.

😔 3:12Families across the country are receiving demand letters from Social Security to repay benefit overpayments, even when the government made the mistake.

🔍 6:41The Social Security Administration is facing budget cuts, making it difficult for individuals to access assistance.

💡 9:34The video discusses the importance of Social Security for over 40% of recipients and the need for action from Congress to support them, especially in the aftermath of the COVID-19 pandemic and global inflation.

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