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SSI benefits keep disabled people and seniors in poverty

SSI benefits keep disabled people and seniors in poverty KTVU s Tom Vacar reports. OAKLAND, Calif. - A congressional budget reconciliation bill, which is not supported by Republicans, could substantially improve the mess that millions of Supplemental Security Income recipients face daily by increasing benefits and updating how much money they can save.  The program has caused many disabled people to live in forced poverty and in fear of getting a job or saving money. The supplemental benefits are meant to help elderly, blind and disabled people who struggle financially. But many disability experts and advocates said it s a hopelessly flawed system.

How federal rules make it impossible for people with disabilities to save for future

How federal rules make it impossible for people with disabilities to save for future By Caroline Hart OAKLAND, Calif. - The most fortunate people to weather the pandemic were those with savings and high paying jobs, for whom working from home provided a safe way to maintain their income, and perhaps even save money.  In fact, many of the highest earners saved more money when the economy was more or less shut down during the depths of the pandemic in 2020. Americans in the top 20% of earners built up their reserves with excess savings last year while the lower 60% of Americans burned through much of their savings, according to a study.

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