There is a $800 million increase to Social Security’s operating budget proposal currently on the table that would result in a 6% increase to the overall budget. Though that falls short of the more than $1 billion President Joe Biden had requested for the agency’s operating budget for 2023, it would still be a great help to a budget is being stretched thin.

Funding is crucial for Social Security right now. Without additional funding for Social Security through the agency’s operations foundation would falter to the point where benefit recipients would be greatly affected. For example, customer service issues would worsen if it were forced to rely on 2022 funding levels. Hiring freezes and reduced overtime would be the answer to take on operating costs that reach new highs.