Did you know that the savings limit for Supplemental Security Income (SSI) hasn’t been meaningfully updated in over 50 years? Right now, individuals can’t have more than $2,000 in assets—barely enough to cover an emergency, let alone build financial security. A newly reintroduced bipartisan bill aims to raise that limit to $10,000 for individuals and $20,000 for couples, helping low-income older adults and people with disabilities avoid penalties for saving.
This long-overdue change would improve financial stability, reduce administrative burdens, and modernize a system that currently forces people to drain their resources before receiving help.
Learn more about why raising SSI’s asset limits is a crucial step toward economic security—read the full article from the Center on Budget and Policy Priorities, here: https://www.cbpp.org/blog/policymakers-should-raise-ssis-harsh-savings-limits