How Seniors Could’ve Gotten an Extra $200 Monthly in Social Security


While the record 2023 COLA sent Social Security benefits upward, it’s arguably not enough in today’s challenging economy.

But if things had gone differently last summer, retirees could’ve been enjoying a couple extra hundred dollars monthly. The Social Security Expansion Act would’ve raised benefits by $200 — however, it failed to pass and hasn’t been reintroduced so far this year.

Does the bill stand a chance to reemerge? It’s still something that could be a big help. It’s no substitute for a fair yearly cost-of-living adjustment (COLA), but measures like this could make a difference on top of the boost seniors have rightfully earned.

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