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Stimulus Checks 2022: Check When Social Security Beneficiaries Receive A $1,400 Payment

Stimulus Payment Schedule For 2022: When Will You Get Your Money?

The rise in inflation levels has made life difficult for retirees across the US. The increase in the COVID-19 cases has aggravated the situation. The federal government ceased the stimulus payments after three rounds.

Stimulus Updates: Social Security Beneficiaries To Receive $1,400 Soon

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Marca reports that The Senior Citizens League (TSCL) is forcing congress to introduce an additional game of stimulus checks. The introduction of $1,400 stimulus payments will boost the finances of the individuals. The Social Security beneficiaries will also receive a hike in the COLA benefits in 2022. The COLA increase this year is the highest in the previous four decades.

Highest COLA Increase In Last Four Decades

The reports suggest that the COLA increase has accounted for a 55% increase in the Social Security benefits in the last two decades. The prices of everyday goods have increased significantly. The housing and healthcare facilities costs have increased by 118% and 145%, respectively.

Marca quoted the TSCL chairman Rick Delaney, who said, “We’ve heard from thousands of seniors who have exhausted their retirement savings. Many have written to us that our government has forgotten about us. A $1,400 stimulus check for Social Security recipients could be a way to get extra non-taxable income to them.”

The Average Market Price Has Increased Significantly

The price of different commodities has broken all previous records. The Bureau of Labor Statistics reports that the costs of market products have increased by 6.2% since October 2020. The food products have risen by 5.3% in value, the energy facilities have also witnessed an increase of 30% in the prices.

The House of Representatives approved the Build Back Better bill worth $1.9 trillion; President Biden introduced this bill to allow extended benefits for US citizens. However, the bill failed to get approval, quashing the hopes of the Biden Administration and millions of Americans.

Although the bill didn’t include the fourth stimulus check, it contained extended child tax credit and other monetary benefits for the citizens. Sen. Joe Manchin refused to support the bill citing the reasons such as the rise in inflation and depletion of the US economy as a few of the primary reasons. The conclusion of stimulus benefits will affect the expenses of low-income families and will likely push them into the hole of poverty amidst the pandemic.

 

5 Comments

5 Comments

  1. Linda G Dowell

    January 8, 2022 at 4:17 AM

    Very thing has gone up, food Eletric health insurance car insurance medication medical! You name it it has gone up. Housing

  2. Dorothy Curtis

    January 8, 2022 at 4:33 AM

    You and your spouse work hard for those years to put in the Social Security.But when one of them past away before age 65 why do the system deduct money from them.And you’ll not see that money.I fill like this the people who never work in their lives is benefiting from the people that work.And we’re still paying the Government.Medicare should be free to those who put in the system but you’ve to pay something.Nevertheless,the people who are on Social Security the government just forgot about us.

  3. Linda Witz

    January 8, 2022 at 12:32 PM

    Let parents take care of their children like i had to. I never got any help from the government. Now I and all citizens on social security and VA, etc. Really need help. People not impacted by part b huh it would hurt me and everyone I know.I didn’t get $200 for a raise however I do have bills to pay anyway. HELP US please.

  4. Elizabeth Hart

    January 8, 2022 at 11:00 PM

    They always forget about the seniors who have made this country what it is before.

  5. Paula Carvalho

    January 8, 2022 at 11:49 PM

    The truth of the matter is cola increased 5.9% but according gov inflation is up 6.8% but when you go to places like the dollar store prices are up 25% and gasoline and gas prices are out of control. Rents are uncontrollable. It seems that all of this is designed to make us just go away and die under a rock, if you are not a politician.

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