When Will Social Security Recipients Get A 4th Stimulus Check – A seniors’ group is increasing its pressure on Congress to send a fourth stimulus check to Social Security recipients. (iStock)
The Senior Citizens League (TSCL), a nonpartisan group of senior citizens, is pushing for Congress to issue a fourth stimulus check of $1,400 to Social Security recipients.
When Will Social Security Recipients Get A 4th Stimulus Check
TSCL President Rick Delaney sent a letter to congressional leaders asking for another stimulus check for Social Security Income (SSI) recipients, according to an update from the group last month.
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“We’ve heard from thousands of them [seniors] who have reduced their retirement savings, started eating one meal a day, started cutting their pills in half because they can’t afford prescription drugs, and that just some of them. The letter said: “Many people wrote to us that ‘Our government has forgotten about us’.”
“A $1,400 stimulus check for Social Security recipients could be a way to generate additional tax-free income,” Delaney said in the letter.
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As inflation rises, the Social Security Administration (SSA) announced that retirees will see a 5.9% increase in benefits next year, the largest increase in nearly 40 years. The increase is due to the cost of living adjustment (COLA), which determines the change in Social Security benefits each year.
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“This will be the largest COLA that most beneficiaries living today have ever seen,” said Mary Johnson, welfare and Medicare policy analyst for the League of Seniors. “But a high COLA means that incredibly high inflation is affecting consumers. In the past month, the Senior Citizens League has received more than 200 emails in which many retirees and people with disabilities describe the dire situation they are facing. because the rising inflation makes it impossible to pay the bills.’
SSA has increased benefits by an average of 1.4% over the past 12 years and by 1.3% in 2021. Now, TSCG says the increase is too small as seniors face rising inflation and other costs.
“COLAs have increased Social Security benefits by 55% over the past 21 years, but housing costs have increased by nearly 118% and health care costs by 145% over the same period,” Johnson said.
A seniors group said economic impact payments for those eligible for retirement benefits could help offset those costs.
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Despite pressure and letters from TSCL, the group said Congress did not support a fourth stimulus review. In response, a group of seniors created a petition to raise awareness and support for incentive testing for Social Security recipients.
“In 2021, Social Security benefits would increase by only 1.3%, increasing the average benefit by only about $20 per month,” the petition states. “But about 86 percent of Social Security recipients surveyed say their costs have increased by more than that amount.”
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Have a financial question but don’t know who to ask? Email Credible Money Expert at [email protected] and your Credible question can be answered in our Money Expert column. While the general public is unlikely to receive a fourth stimulus check, an influential nonpartisan lobbying group on behalf of seniors is trying to convince Congress to send a $1,400 check to Social Security recipients to fight inflation. Jenny Kane | AP photo
While the general public is unlikely to receive a fourth stimulus check, an influential nonpartisan group of seniors is trying to convince Congress to send a $1,400 check to Social Security recipients to fight inflation.
The League of Senior Citizens has sent a letter to members of Congress in the House and Senate asking them to consider a targeted incentive for seniors.
“We’ve heard from thousands of them [seniors] who have reduced their retirement savings, started eating one meal a day, started cutting their pills in half because they can’t afford prescription drugs, and that just some of them. the drastic steps that many people have had to take because of what inflation has done to them this year,” the letter says. “Many people wrote to us that ‘our government has forgotten about us.’
Are Social Security And Ssi Recipients Getting A New Fourth Stimulus Check?
In 2022, Social Security checks will have one of the largest cost-of-living adjustments in recent years, with an increase of more than 6%.
However, the Senior Citizens League says that won’t be enough, as the adjustment will push some seniors into higher tax brackets.
The group says a special incentive for Social Security recipients could offset costs like health care premiums and higher taxes.
More than 2.9 million people have signed a Change.org petition calling on Congress to immediately pay $2,000 for adults and $1,000 for children, and continue routine checks during the crisis.
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However, the Biden administration stopped short of talking about a fourth stimulus overhaul, choosing instead to focus efforts on expanding the child tax credit and the American bailout plan.
If you purchase a product or register an account through one of the links on our site, we may receive compensation. Will Social Security and SSI recipients get the new fourth stimulus check? A large group of Social Security claimants wants a new fourth stimulus check to deal with high cost inflation
If you don’t, you will receive your Social Security check later than ever, in June 2023
Inflation continues to wreak havoc on every home in the United States. While many people can ask for a raise, not everyone can afford to have more money each month. Workers can change jobs to get better pay and talk to their boss about a raise. On the other hand, pensioners cannot change their monthly income. The Social Security Administration only makes one increase each year, and that is through COLA.
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For this reason, a large number of people are asking the Social Security Administration and the government to send a new stimulus check. Thanks to this check, the situation can be corrected a little. This will benefit many SSA beneficiaries who do not have enough money to pay all their monthly bills. Last week, this group of people sent a letter to Congress asking for a new shipment of money.
According to The Sun, the fixed payment for Social Security beneficiaries is one of the main reasons for this request. The financial flow of a large proportion of recipients means that they want direct financial benefits. Post-pandemic times are very difficult for many of these retirees, so any financial benefit is more than welcome.
Despite this petition, nothing is yet guaranteed in the fourth quarter of this new fourth stimulus check for Social Security retirees. Stepani Bonin created a petition on change.org for this purpose that gathered many signatures, but unfortunately it seems that it will not change anything. It won’t be long before we see if the fourth stimulus check will reach the pockets of American retirees, but all indications are that this good news will not happen.
To cope with inflation in the United States, you need to have a good source of income. If you are already retired, try to get extra money from ordinary things that you have at home. In this regard, you can use some tips to increase your monthly budget, such as renting a spare room in your home or part of your garden.
Will Social Security And Ssi Claimants Get A Fourth Stimulus Check?
If you haven’t applied for Social Security, you still have time to raise it. Try to work for as many years as possible, because this will increase your benefits significantly. And not only that, but to save as much money as possible. In this way, you will have a better retirement and you will not have to worry about financial problems. Inflation has hit US citizens hard, many of them struggling to make ends meet, as grocery and gasoline prices have soared this year.
Russia’s invasion of Ukraine hasn’t helped either, with older Americans in desperate need of government aid due to a potential fourth stimulus check.
A Denver restaurant owner has created an online petition on Change.org asking Congress to give people monthly incentive checks. So far, the petition has collected about three million signatures.
“The recovery has not reached many Americans — the real unemployment rate among low-wage workers is more than 20 percent, and many are dealing with large amounts of debt from last year.
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