Tell congress to pass the SSIRA bill proposed by Sen. Elizabeth Warren
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SSI stands for Supplemental Security Income. Social Security administers this program. SSI provides benefits to some of our country’s most vulnerable citizens, including the elderly, those with disabilities, and 1.3 million children. Unfortunately often persons with disabilities live in poverty. For many recipients, SSI isn’t just a safety-net – it’s their only source of income. Yet, those who receive it can have no more than $2,000 in cash or liquid assets without forfeiting their benefits. $2,000 is barely enough for any American to survive.
Imagine this scenario: you want to set aside $100.00 a month to invest to make your later years of life more comfortable. As the law is now you cannot because if that account rises over the $2,000 limit you will be forced to forfeit your SSI benefits.
The Social Security Act of 1935 was an attempt to limit what was seen as dangers in the modern American life, including old age, poverty, unemployment, disability and the burdens on widows and fatherless children. By signing this act on August 14, 1935, President Roosevelt became the first president to advocate federal assistance for this group.
Under the Supplemental Security Income Restoration Act (SSIRA), a new bill proposed by U.S. Senators Elizabeth Warren and Sherrod Brown, SSI recipients could increase their assets to $10,000 in cash or liquid assets without losing their benefits. This bill is long overdue, and can go far to ensure that America’s most vulnerable citizens have a chance to better their station in life, and take their shot at the American dream.
Please join me in telling Congress to pass the SSIRA and help make a difference for millions of Americans.
The last asset limit increase was nearly 30 years ago. These requirements have not kept up with inflation, but recipients are stuck; unable to better their position, because saving money or having more than $2,000 in their bank account or saving for their future causes forfeiture of their benefits. The SSIRA would update the law to encourage individuals who receive SSI to work toward financial security.
If an SSI recipient is able to save over the minimal amount of $2,000 that might one day give them more financial independence and make them less reliant on government aid, why discourage it? We should be helping those who are willing and able to get out of poverty, not obliging them to stay their.
Please join me in supporting the SSIRA and tell Congress to do the same.
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