Inflation has plagued the United States in recent months, and now many fixed-income social security recipients are asking for a fourth stimulus check.
When the pandemic began, the U.S. Rescue Act created various breaks and programs to help Americans.
This ranged from a third stimulus check to emergency stamps and even a break in the disbursement of student loans.
Even though it was all big things, inflation continues to rise.
Americans are struggling to cope with paying energy bills and for groceries as commodity costs rise and wages remain the same.
The group hardest hit are those with fixed incomes who charge social security.
Social security and a fourth stimulus check
The Senior Citizens League has done a lot of research when it comes to social security beneficiaries and their financial condition.
It was discovered that seniors have halved their medication. They have also eaten one meal a day to make ends meet.
Unfortunately, the Biden administration seems to be focusing on other things.
There are currently issues that require immediate attention. This includes rising gas prices and rising Federal Reserve interest rates to offset inflation.
This means that there is likely to be no fourth stimulus check for seniors in the near future.