This New Social Security Bill Aims to Put More Money in Seniors' Pockets

As of February, more than 62 million people each month were receiving a guaranteed monthly payout from Social Security. Of these 62 million beneficiaries, over 42 million were retired workers, 62% of whom, according to data from the Social Security Administration (SSA), are reliant on their monthly check to account for at least half of their income.

In other words, without Social Security, senior poverty rates in the U.S. likely would be considerably higher than they are now.