The $5200 New Social Security Bill 2024 is a crucial legislative measure aimed at assisting Social Security beneficiaries
nacted to address the financial strain faced by individuals reliant on Social Security, this bill signifies a proactive approach by the federal government
Authorized by the bill, Social Security recipients are set to receive a one-time stimulus payment of $5200, which is separate from their regular monthly benefits.
The total cost of the bill is estimated to be approximately $400 billion, which will be covered by implementing a temporary increase in the payroll tax targeting high-income earners.
The $5200 stimulus payment signifies a significant injection of funds into the hands of individuals relying on Social Security, offering a lifeline during challenging times.