Seniors and other Social Security recipients in the U.S. have been hit hard by inflation, which has outpaced increases in their benefits this year. However, there is a plan to boost Social Security payments by $2,400 per recipient annually . The Social Security Expansion Act , introduced by Rep. Peter DeFazio and Senator Bernie Sanders, aims to provide relief by increasing each recipient’s monthly check by $200 1 . This would represent a 12% boost for the average monthly Social Security check, which is about $1,658 . Additionally, the bill proposes changes to the program, including applying the Social Security payroll tax on all income above $250,000 to bolster funding 1 . Although the bill may face obstacles in Congress, addressing the future of Social Security is crucial given the eventual shortfall that could result in a 20% cut to monthly benefits starting in 2035 1 . 🌟 MR LARSON IS THE RIGHT STEP
