Congress really should have found a way to provide the $250 SSI payment to those seniors who truly need the money, instead of tax cuts for the super-rich. While many seniors could easily survive without the $250, there are also millions of seniors who are struggling to make ends meet (just see the comments below in response to this article), particularly if they have high medical or disability costs. Many believe that the $250 payment would have been a good economic stimulus payment, since there’s a good chance that most of the $250 would be spent immediately. But many seniors are feeling the pinch of inflation, especially around medical services - a big-ticket item for seniors. The cancellation of a $250 SSI payment in 2010 was justified on the basis of low inflation (see update below). Congress officially nixed a one-time payment of $250 in 2010 to Social Security recipients who haven’t received cost of living adjustments (COLA) since 2008. Get the latest money, tax and stimulus news directly in your inbox It covers how prior ones were paid, and when or if another round of payments will be made in the coming months.Īt this stage no new stimulus checks are being issued by the federal government, but some states are sending inflation relief payments. See this article for the past and potential stimulus check payments, including those for seniors. Approximately 5 million, or three out of five seniors who qualify to receive SNAP are missing out on benefits.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |