In 1967 Congress set the Standard of Need, the amount one needs to survive. It is the bare minimum needed to survive. It has been adjusted to inflation every year since 1967. Conservative Economists claim the indexing has increased the amount to much, for index ignores technological changes, such as Computers replacing typewriters. On the other hand, these same conservative economist refuse to address the more the inflation raise in housing and medical costs since 1967 (And cited the drop in fuel prices till 2002 when it started its current upward spirl, you heard in 1997 that Gasoline was the lowest in real terms it had ever been when it hit bottom that year, matching the 25 cents a gallon Gasoline had been in the 1950s and early and middle 1960s, but nothing since 2002 and nothing that when gasoline prices hit today's prices it was the highest price for oil since the US Civil War).
Supplemental Security Income (SSI) is a program run by the Social Security Administration (SSA) to pay those people who can NOT work, but who is NOT entitled to Social Security (if if entailed to Social Security it is less then the SSI amount). SSI has always been set at the Standard of Need, which in 2014 is $721 a month. Many states supplement it, but any SSI one receives is reduced by any other income one gets. If the income is "Unearned" (i.e. NOT from employment, for example if someone gets a small amount of Social Security, then the $721 is reduced by that amount of money). If the money is "Earned" then the amount one receives from working is reduced by 1/3, then reduced the SSI amount dollar for dollar.
I bring up SSI, to show that your Social Security is barely over the SSI amount and as such barely enough to survive on. Since the 1960s, Welfare for Children. could also be that high, if a state was willing to pay 50% of the cost of such welfare payments. No state has ever taken up the Federal Government to pay 50% of Standard of Need ($721 per month in 2014) one could get on welfare if the State agreed to pay 50% of THE Standard of Need. My State welfare is set at $174 a month for one person (Which $87.50 from the State Government, which is match by $87.50 by the Federal Government) and is considered one of the more generous states when it comes to welfare.
My point is your income is LOW and everyone knows it. $750 is only $39 dollars over the Standard of Need. If you own your home and not making any payments except taxes, you are better then most people at that level of Income. I should note I suspect you are paying rent or a house payment, which means at least $225 is going for rent (if you are in public housing, such housing rent is restricted to 30% of your income or $225 per month). On the other hand if you are paying rent AND not in public housing, I live in a declining income area with declining population and as such you can get a "Decent" not great house for $350-400 a month. In areas of higher rents, I do not know how you can pay the rent. That is how little $750 is in reality, and I wish you luck for the numbers are NOT in your favor.
I wrote the above, more for other people on this thread then for your. $750 sounds like a lot to some people, tell you understand the cost of living. When I have clients talk to me about bankruptcy, one of the questions I asked them is how much do they spend on food each month. Most give me low guesses, and I have to point out, the Government has the policy that people spend $2 for Breakfast, $3 for Lunch and $5 for Supper, total $10 a day. Can people do cheaper? Yes, but it means buying and eating the cheapest food available. Thus $10 a day is about what it takes to eat per day. Add $225 for rent to $300 a month, that comes to $525 per month for Housing and food (if you are in public housing), that leave people on SSI less then $200 for anything else, including going to the Doctor, visiting friends, buying clothes etc. If you are NOT in public housing, there goes that $200 "surplus" for things like clothes and similar needed items. As I said above, I wish you luck, for at $750 a month you will need it.
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Wait and see what happens when the Seniors in love with Fox get a load of what Paul Ryan is trying to sell! He just might lose....again. 
