Social Security recipients could get $200 a month ‘Bernie Bump:’ Who qualifies for more money??

A proposed bill introduces the ‘Bernie Bump,’ which would provide Social Security recipients with an additional $200 per month. This financial boost is designed to function as a supplement to the existing yearly cost of living adjustment. The legislation aims to increase the monthly income for qualifying individuals, ensuring they receive more money beyond the standard annual increases typically applied to Social Security benefits. The bill specifies that this payment would be an added benefit for recipients.