JSIT23-01: Who Will Benefit from the 2024 ABLE Age Adjustment Act?

Achieving a Better Life Experience (ABLE) accounts can be an important asset-building opportunity for Supplemental Security Income (SSI) recipients as savings in ABLE accounts do not count against SSI’s asset limits. Given the low take-up rate (1 percent) of ABLE accounts, it is important to understand the savings and asset capacity of SSI recipients as more SSI recipients will be able to access ABLE accounts in 2026 when the eligibility criteria increase from the disability onset age 26 to age 46.