These Social Security Benefits Are Shrinking Now

This episode explores the declining number of Supplemental Security Income (SSI) beneficiaries in the United States and the potential implications for the future of social security. Against the backdrop of rising living costs and economic uncertainty, the podcast notes a significant decrease in SSI recipients across the nation, with some states experiencing more substantial percentage drops than others. More significantly, the decrease in recipients is coupled with an increase in the total amount paid out, highlighting the impact of cost of living adjustments. The host posits that this decline is due to a combination of factors, including increased workplace accessibility for disabled individuals, the inability of many to survive on SSI benefits alone, and a decrease in informal support from family and friends. For instance, the host cites data showing that states with higher median incomes experienced declines alongside lower-income states, with the unifying factor being individuals seeking work to meet rising costs. The host speculates on potential future changes to the SSI program, including a transition to a universal basic income or modifications to allow recipients to earn a certain amount without penalty. Ultimately, the podcast suggests that the cultural and economic shifts impacting SSI recipients necessitate a reevaluation of the program to ensure its continued viability and effectiveness.