In 2022, how Biden's policies will affect Social Security

As dwindling funds dried up before the pandemic, President Biden inherited an underfunded,

Overextended Social Security system already overburdened with aging baby boomers.

As a result of a decade of budgetary neglect, the Social Security Administration (SSA), the agency responsible for running the program, was anemic. 

After the pandemic, rising inflation forced Social Security recipients to stretch their benefits until they couldn't.

Biden had no choice but to act. While not universally praised, the president's actions have certainly 

left their mark on a program that is the backbone of America's social safety net - and 2022 is shaping up to be the most significant year yet.

Benefits for Social Security recipients increased in 2022 for the first time since 1982. 

Changes made last year have already taken effect

With the highest inflation rate in 40 years, Biden oversaw a cost of living adjustment (COLA) of 5.9%, boosting 

The average recipient's check by $92 to $1,657 per month from $1,565 per month. In 2021, the Biden administration made changes to Social Security 

That went into effect in 2022, including the biggest raise beneficiaries have received in four decades.

The income threshold for Social Security recipients who haven't yet reached full retirement age 

As of 2021, recipients could earn up to $18,960 before the SSA temporarily withheld $1 for every $2 earned.

The threshold increased to $19,560 in 2022. In 2022, you can earn as much as $51,960 before

The SSA starts taking $1 from your check for every $3 you earn, up from $50,520 last year.

 Beneficiaries over the age of 65 are not subject to the income test.

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