Another Way Social Security Helps Struggling Seniors
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Did you know that there is more than one type of Social Security? While most people are familiar with retirement benefits, there is also Supplemental Security Income (SSI), a needs-based program that provides benefits to people with little or no income and few resources. Depending upon your circumstances, you may be eligible to collect both.
According to a Social Security Administration blog post, about 1.4 million low-income people aged 65 and older get both Social Security and SSI at the same time. In 2025, you may be eligible for SSI if your total income — including your Social Security benefit — is less than $987 per month. To find out if you are eligible go to the SSI website.
The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.