A bill introduced earlier this year by Senate Democrats could increase monthly Social Security payments by $200 for millions of Americans starting in 2026.

The Social Security Expansion Act , introduced in the Senate in February, proposes a $200 monthly increase in benefits for all recipients beginning in January next year.

The goal of the bill is to provide inflation relief and strengthen long-term wealth of the Social Security program.

In addition to the benefit boost, the legislation includes changes to how cost-of-living adjustments are calculated, expands eligibility for certain dependents and introduces new tax measures to fund the program, according to a review of the bill by Cleveland.com, a SILive.com sister site.

One new funding measure is an addition of Social Security payr

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