$5,200 New Social Security Bill: New social security bill are demanded by millions of American seniors in the beginning of 2025. The new federal government under Trump administration is promoted as Social security through election campaigns and after getting the charge in Washington DC, seniors are waiting their new stimulus payments.
If you are also waiting these payments than you are required to check detailed information in this article including when will the bill pass, what is the eligibility criteria, expected amount, date of releasing payment etc. it will help you to get complete benefits of the program.
$5180 New Social Security Bill 2025
New Social Security Bill is one of the discussed program in USA among seniors. However it has not shared it in US parliament yet, but only based on rumours and social media campaigns. There is no doubt that the live is very difficult for aged person in US due to high inflation and low income but the are getting monthly payments as a financial assistance from the SSA.
But the payment is not sufficient to fulfill basic needs of citizens such as monthly health check-ups, purchasing medicines, grocery, paying home rent etc. so the are expecting new one time extra payment such as Stimulus checks amounts in 2025.
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Why Social Security Bill is in discussion
The social security benefits are made by Social Security Agency- SSA in USA which issues SSI for seniors and SSDI for seniors and disabled citizens. Currently the program is inviting 62 years old seniors to apply for SSI payments in USA. However the complete payment of social security is provided after the age of 67.
So individuals who need retirement pension earlier, have to wait for a long time to get the complete pension after retirement. There are many improvements in the existing social security bill which are expected to implement by the new government in USA.
Expected changes in New Social Security Bill
There are many points discussed by advocate and other authorities in the country which are suggested to implement in the existing social security bill in 2025. The next bill can implement following changes:
- Income limits increase: the government is following old income criteria to determine the eligibility of the seniors. But the new bill is expected to increase my income limits for up to $80000 per month for single applicant
- Increase the assets limit: currently seniors in the country who have less than the value of $2000 assets are eligible to apply for the social security benefits. However if the couple applicant is applying then the assets are increasing up to $3000.
- But as per the report, many seniors who have more than the assets of this value are also facing difficulties to manage their expenses. So the asset limits are expected to increase up to $10000 for individuals.
- Revise age limits: currently social security administration is providing full benefits to those seniors who complete the age of 67. However, seniors are able to claim their pension after 62. But in this case they will receive a reduced the payment of up to 30%. Apart from this, if any senior want to delay the pension till the age of 70, then they will get additional increment in the pension.
- But as per the reports, the age criteria is expected to revise and most likely to reduce from 67 to 65 to get full benefits.
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2.5% hike in Social Security Payment
The government usually revise the COLA rates annually according to the increment in coastal living adjustment. Currently beneficiaries of social security administration payments are getting 2.5% extra payment as per the COLA hike in 2025. But according to different opinions and polls, senior citizens are not happy with this increment and want to get more increment to fullfill their basic needs.
Conclusion: New Social Security Bill 2025
The demand to revise the social security bill in 2025 is trending on news, but there is no official announcement by the government about making changes in this bill. Once the federal government approved the bill, you will get notification on the official website of SSA and Washington DC news page.
