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Your social security payment might be going up thanks to Biden. Here's why

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Your social security payment might be going up thanks to Biden. Here's why - Advocates say the Social Security Fairness Act - which is set to impact around three million people across the country - ri
The article from MSN discusses a potential increase in Social Security payments due to actions taken by President Joe Biden. It highlights that Biden has proposed a budget that includes a 3.2% cost-of-living adjustment (COLA) for Social Security benefits in 2024, which would be the first time in over a decade that benefits have increased for two consecutive years. This adjustment aims to help beneficiaries keep up with inflation. The article also mentions that this proposal comes amidst broader discussions on Social Security's funding issues, with Biden's plan including measures to extend the program's solvency by increasing taxes on high earners. However, the increase is not yet finalized and depends on various economic factors and legislative approval.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/your-social-security-payment-might-be-going-up-thanks-to-biden-here-s-wgoohy/ar-AA1x0Kkj ]