Part 6/10:
Some advocates suggest implementing a phase-out or means-tested approach, where beneficiaries with higher monthly benefits—say, above $3,000—would receive a reduced or no increase. This targeted strategy could direct more resources toward the lowest income seniors and disabled persons, ensuring that those most in need are prioritized.
For example, instead of giving everyone a flat $200 raise, lawmakers could consider increasing benefits by $250 or $300 for those with incomes below a certain threshold, while providing smaller or no increases for higher earners. This adjustment might also make it easier to garner political support, as it directly addresses the disparities among beneficiaries.