The Social Security Fairness Act was passed last year and included a retroactive Social Security benefit increase for over 3 million beneficiaries. The SSA recently gave an update and revealed that more than 1 million people have already received $7.5 billion in catch-up payments, with much more on the way.

*Stock prices used were the morning prices of March 6, 2025. The video was published on March 7, 2025.