2022 Fiscal Year Budget For Social Security

Good News For The 2022 Fiscal Year Budget For Social Security

2022 Fiscal Year Budget For Social Security

We are glad to be able to inform you that the Biden Administration’s Fiscal Year 2022 Budget Proposal includes a very big increase in the administrative budget for the Social Security Administration. The budget is increased by 8% from $13.7 billion to $14.8 billion. It also anticipates an increase in the number of full-time employees from 59,355 up to 60,586. Hopefully, this will mean shorter telephone wait times, quicker processing of claims, and a quicker resolution to issues for our clients.

Currently wait times are extremely long, in part to the effects of the Covid-19 pandemic, but also in large part due to understaffed balances. Hopefully, more funding and more employees will result in much better public service.

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