No matter your financial status, it’s always nice to have extra money to save or spend.

For most seniors in America, a slight raise could go a long way. This is the proposed boost from a recent bill in Congress that could potentially come to pass in the near future.

If it goes through, that’s an extra boost each month to help Social Security beneficiaries. What could this be used for? For some people, this represents an extra utility bill or car payment. Others may use it to treat themselves or their loved ones. Some may even put it into savings.

What would you do with this boost? Do you think it will come through? You can read about our efforts to raise Social Security benefits here, then follow us on Facebook and Twitter for more retirement news like this.