The Securities and Exchange Commission published a notice about the Securities Investor Protection Corporation (SIPC) deciding not to adjust the maximum cash advance amount for customer claims. The SIPC Board of Directors determined that starting January 1, 2022, the maximum amount would remain at $250,000 per customer and not be increased to account for inflation. This decision was based on an analysis of economic conditions and historical data, suggesting that raising the limit would not significantly benefit customers. The public is invited to comment on this determination until February 17, 2021.
Simple Explanation
The people in charge of money rules decided that if a company holding your money goes bankrupt, you can still get up to $250,000 of your cash back. They looked at the economy, and even though some people thought this amount might go up because of rising prices, they chose to keep it the same until 2027.