1. United States
2. Ill.
3. Letter

The Supplemental Security Income (SSI) program provides critical financial assistance to millions of low-income individuals with disabilities and seniors. However, the current resource limit of $2,000 for individuals and $3,000 for couples has remained stagnant since 1989, failing to account for inflation and the rising cost of living. This outdated limit discourages saving and asset-building, trapping many SSI recipients in a cycle of poverty. The SSI Savings Penalty Elimination Act seeks to address this issue by increasing the resource limit to $20,000 for individuals and $10,000 for couples, with annual adjustments for inflation. This change would allow SSI recipients to build a modest safety net without fear of losing their benefits, promoting financial stability and independence. By modernizing the SSI resource limit, we can empower individuals with disabilities and seniors to achieve greater self-sufficiency and improve their quality of life. This legislation represents a crucial step towards ensuring that our social safety net programs effectively support those in need while encouraging personal responsibility and asset accumulation. I urge you to support this commonsense reform and provide much-needed relief to vulnerable populations.