2022 stimulus checks: When will SS recipients get a $1,400 payout?
Jthree rounds of stimulus checks were published to help the American people cope with inflation and social problems in the face of the Covid-19 pandemic, but now another check is needed to Social Security Beneficiaries.
As the country faces an increased risk of economic trouble amid the wave of Omicron variant infections sweeping through the United States, stimulus checks for the elderly are a critical need.
Since the beginning of 2022, Congress has been under pressure from Senior League (TSCL) for another time Social Security stimulus payment $1,400 for seniors. This is due to the current uncertainty in the United States following an increase in COVID-19 infections since the emergence of the new Omicron variant. The payment would essentially act as a fourth stimulus check.
The 2022 cost of living adjustment (COLA) raised the highest amount in four decades, pushing many seniors into a higher tax bracket. So the stimulus check should help offset the extra costs.
In 21 years, “COLAs have increased Social security benefits of 55%”, affecting the elderly because the overall costs exceed the increase with COLA, as evidenced by the fact that housing and healthcare costs increased by 118% and 145% respectively.
“We have heard from thousands of them [seniors] who have exhausted their retirement savings,” said TSCL Chairman, Rick Delaney. “Many have written to us that ‘our government has forgotten us.’
More than 95,000 people have signed a TSCL petition about this $1,400 check for SS beneficiaries, so the pressure rises.
Prices across the United States are increasing to an astronomical level, with Bureau of Labor Statistics even reporting that since October 2020, consumers are paying an average of 6.2% more across the market. Things like food were up 5.3%, while energy costs were up over 30%.
How to receive the stimulus check for Social Security recipients?
the House of Representatives the past Building back better back on Friday, Nov. 19, and that includes some benefits for seniors, though there’s no sign of a stimulus check.
Medicare will be expanded to include hearing services, while the government has more power when it comes to negotiating drug prices with pharmaceutical companies, but this bill will not pass the Senate until 2022.
It’s because the Democratic senator. Joe Manchin said he would not support Building back better bill, which means the millions of people he supports are now being left behind. Although progress is expected in 2022, the $1.9 trillion bill will not be given the green light in 2021.