A new rule states that food assistance will no longer reduce payments to certain beneficiaries of Supplemental Security Income (SSI). This means that those receiving SSI can now receive groceries or meals from family or friends without worrying about it affecting their monthly benefits. The change aims to address the complex and burdensome policies that impact people with disabilities and aims to simplify the application process for SSI.
Many older adults who haven't paid off their student loans may have their Social Security benefits reduced. The government can take up to 15% of benefits to cover unpaid student debt. This reduction, averaging $2,500 annually, can severely impact those who rely on Social Security as their main income source. Lawmakers have expressed concern that millions of seniors will face this consequence when the pandemic-related pause on student loan collections ends in late 2024.
