3. National Level
4. A potential policy that is being considered to help a problem/issue that individuals/families face.
5. This policy affects individuals or families that obtain social security benefits. It is an adjusted increase that is meant to help with growing expenses in today's society.
6. This policy will allow Social Security to increase a total
of 1.5% which is approximated to be an increase of about $19 a month. Of
course, the way social security works is that the beneficiary obtains an allotted
amount of money per month primarily depending on how much they worked through
their lifetime. This policy is a great idea because social security has not
been reformed since 1975. It’s adjusted cost of living expenses reflect those
of the 1970’s versus today’s times. It is important that this benefit is
adjusted as needed every year because of inflation and the U.S. economy. This policy
will benefit about 58 million recipients who may only depend on this income.
Unfortunately, $19 may not be a significant increase that will allow them to do
very much, but it is something. This
increase is only the beginning and it definitely gives the government the idea
that they do need to reevaluate it each year. It is an important benefit that
should not be over looked.
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