Incentive Check for Social Security Recipients? Why a senior citizen group says it’s urgent – Community News
Stimulus Check

Incentive Check for Social Security Recipients? Why a senior citizen group says it’s urgent

A group of seniors is increasing pressure on Congress to send a fourth stimulus check to Social Security recipients. (iStock)

The Senior Citizens League (TSCL), an impartial senior group, Urges Congress to issue a fourth $1,400 stimulus check to Social Security recipients.

TSCL chairman Rick Delaney sent letters to congressional leaders calling for another round of stimulus checks for those on Social Security Income (SSI), according to an update last month from the group.

“We’ve heard from thousands of them [seniors] who have used up their retirement savings, who have started eating only one meal a day, who have halved their pills because they cannot afford their prescription drugs, just to name a few of the drastic steps so many have had to take because of what inflation has caused this years with them,” the letter reads. “Many have written to us that ‘our government has forgotten us’.”

“A $1,400.00 incentive check, for Social Security recipients, could be one way to get them additional non-taxable income,” Delaney said in the letter.

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WHY IS SOCIAL SECURITY WITHOUT MONEY?

Seniors are having a hard time due to inflation

As inflation rises, the Social Security Administration (SSA) has announced that beneficiaries: see an increase of 5.9% in benefits next year, the largest increase in nearly 40 years. The increase is due to a cost of living (COLA) adjustment that determines changes in Social Security benefits each year.

“This would be the highest COLA that most beneficiaries alive today have ever seen,” said Mary Johnson, policy analyst for the Senior Citizens League Social Security and Medicare. “But a high COLA means exceptionally high inflation is affecting consumers. The Senior Citizens League has received more than 200 emails in the past month, with many retired and disabled senders describing the difficult situations they face as the rapidly Rising inflation makes it impossible to open the bills.”

SSA increased payments by 1.4% on average over the past 12 years, and 1.3% for 2021. Now TSCG says this increase is too little, too late, as seniors face rising inflation and other costs.

“Over the past 21 years, COLAs have increased Social Security benefits by 55%, but housing costs increased by nearly 118% and health care costs increased by 145% over the same period,” Johnson said.

The seniors group said economic impact payments for eligible individuals with Social Security retirement income could offset these costs.

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BENEFITS OF SOCIAL SECURITY MAY BE SUCCESSFUL EARLIER THAN EXPECTED

TSCL creates a petition

Despite pressure and letters from TSCL, the group said there was no congressional support for a fourth stimulus check. In response, the senior group created a petition to raise awareness and support of a stimulus check for Social Security recipients.

“In 2021, Social Security benefits rose just 1.3%, increasing the average benefit by only about $20 a month,” the petition states. “But about 86% of Social Security recipients surveyed say their spending has increased much more than that amount.”

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