The Social Security Expansion Act. According to the terms of the proposed bill, individuals who are
currently receiving Social Security benefits or who will reach the age of 62 in 2023 would be entitled to
an additional $200 added to their monthly payments. In essence, if this legislation garners approval,
recipients of Social Security could potentially enjoy an extra $2,400 in annual benefits.
This supplementary income would likely be well-received by seniors, as the rising inflation tends to erode the
value of their yearly cost-of-living adjustments.