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Bob Casey Jr.: “As of this March, about 171,000 of the over 4 million SSI…”

Featuring: Bob Casey Jr., Democratic | Former U.S. Senate, Pennsylvania

Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’

Published June 21, 2024 | Video Starts at 01:22

It allows an SSI recipient to save up to $100,000 in assets, making it possible to buy a house or an accessible vehicle or even to go to college. As of this March, about 171,000 of the over 4 million SSI recipients have opened an able account and invested almost $2 billion. 171,000 is a big number, but it's only about 4% of the current SSI recipients. There are many policies we need to update to tear down the barriers to employment for people with disabilities. (01:22–01:34)

CLAIM

Asserts that 171,000 SSI recipients have opened ABLE accounts, investing nearly $2 billion.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bob Casey Jr.

“The $2,000 asset limit today has a purchasing power of only 630 bucks.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 00:45-00:53
“I passed in 2014 the ABLE Act.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 00:58-01:02
“It allows an SSI recipient to save up to $100,000 in assets.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 01:11-01:17
“The rate of the disability labor force participation has been increasing over the past five years.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:24-04:32
“The Bureau of Labor Statistics reports that the May labor force participation rate for people with disabilities was 41.7%, close to an all…”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:36-04:48
“Looking back 10 years, that participation rate has increased by over 30%.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:47-04:54
“The major program to encourage employment, the so called Ticket to Work program, has a very low participation rate.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 05:08-05:16