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Posted on 04/08/2025 5:51:55 AM PDT by Red Badger
(The Center Square) - More than 7 million Americans and 50,000 Nevada residents receive monthly payments from the Social Security Administration’s Supplemental Security Income program for the elderly and people with significant disabilities.
The SSI program is intended for people with little money or income. Signed into law under President Richard Nixon’s administration, the program sets the maximum finances for somebody to receive help from SSI at $2,000 – and $3,000 for a married couple. Today, an elderly disabled person with $2,500 in total value of all of their assets is still deemed too well-off to receive any money through this program.
“A $2,000 rainy-day fund doesn’t go as far as it did in 1989, but that’s all the savings that people who rely on SSI benefits are allowed,” said U.S. Sen. Katherine Cortez Masto, D-Nevada, who helped introduce the SSI Savings Penalty Elimination Act.
“We shouldn’t punish people who are working hard, saving their money and planning for the future," Cortez Masto said in a news release. "Congress must raise the SSI asset limit to help our seniors and Americans with disabilities.”
The SSI code was last adjusted for inflation in 1989, which has left the asset limits at $2,000 and $3,000 for over four decades. The maximum monthly payment for an individual this year is $967.
The SSI bill would give the asset minimums a modern update – from $2,000 to $10,000 for individuals and from $3,000 to $20,000 for couples.
“Raising the SSI asset limits is a smart, long-overdue reform that updates a critical program to reflect today’s economic realities,” said U.S. Rep. Fitzpatrick, R-Pennsylvania, who proposed a companion bill to the House of Representatives.
The increased asset limit would be expected to make over 200,000 Americans newly eligible for the program.
The bill would also guarantee regular asset limit adjustments for inflation. That would be based on the Consumer Price Index change over year, with no option for the asset limit to decrease. That means the $10,000 and $20,000 limits would be expected to rise in coming years.
But the bill will not change monthly payments. The highest monthly assistance an individual could receive is $967.
The bill has received support from lawmakers, organizations and businesses from across the country.
“The big thing is that this is a common sense fix,” said a spokesperson for Cortez Masto.
“It has bipartisan support. You’ve also got support from so many organizations and groups," the spokesperson told The Center Square.
The bill does not yet have a hearing date.
If we’ve been spending billions on foreigners (which I hope is ending soon!), then we can take care of our own.
Did our ancestors storm Normandy, Iwo Jima and Okinawa for people in those - as Moe Szyslak would say - “loser countries?” No, they did it for us.
It probably should be raised to say $4,000 for single folks and maybe $7,000 for couples.
We would want people to be able to continue paying monthly rent on time so they don’t become homeless, but a couple might live a year on $20,000.
Adjusted for inflation, the 1989 limits of $2,000 and $3,000 would go to about $7,000 and $10,500.
$2,000 in 1990 is worth about $4,861.07 today.
Is this Democrat Senator planning to vote for the big beautiful tax bill that’s being worked on?
If not, then she’s just gaslighting her constituents.
To deal with inflation I already got this years $19 a month raise, of course just the increase in my water rates went up more than that.
Clear out fraud first and I would support it. I’ve read too many stories of parents coaching their kids to behave in a way to qualify for SSI though they are normal.
Yeah, and the cost of narcotics has sky-rocketed now that the border is closed...
She and our other sinator are both useless.
“Crazy checks.” I’m aware of several in this area that receive them...
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If not, then she’s just gaslighting her constituents.
Her? Yes. Gaslighting for the rubes, as usual. We don't have a Buncombe County, but that doesn't stop the bunk!
The entire Eurotwat union are losers.
SHE ALWAYS HAS BEEN.
Baloney!
From SSA.gov...
WHAT RESOURCES DO NOT COUNT FOR SSI?
The home you live in and the land it is on;
One vehicle, regardless of value.
Household goods and personal effects (e.g., your wedding and engagement rings).
Up to $100,000 of funds in an Achieving a Better Life Experience (ABLE) account established through a State ABLE program.
People on SSI can work in paying jobs, if they deposit their check in an ABLE account. Friends and family can also deposit cash gifts in the ABLE account.
While you got 19 dollar raise for Social Security, those in government were blowing tens of hundreds of billions on illegal aliens and those in foreign countries.
With 7.5 million people on SSI, I’ll bet there are plenty receiving it through fraud. And SSI doesn’t require you to have paid a dime into the system, or be a US citizen. Audit every recipient’s medical eligibility and immigration status, and the system would probably free up significant funds. Do the same for the 8.7 million people on SSDI.
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