Ssince the beginning of 2022, Congress has been under pressure from Senior Citizens League (TSCL) for another time Incentive payment for social security at $ 1,400 for seniors. This is due to the current uncertainty in the US following an increase in COVID-19 infections since the advent of the new Omicron variant. The payment would essentially act as a fourth stimulus check.
2022 adjustment of the cost of living (COLA) has increased the highest amount in four decades, pushing many seniors into a higher tax framework. The stimulation check is thus expected to help offset the additional costs.
In 21 years, “COLAs have increased Social benefits by 55%, “which affects seniors because the total cost exceeds the increase by COLAwhich is reflected in the fact that housing and health expenditure increased by 118% and 145% respectively.
“We have heard from thousands of them [seniors] who have used up their pension savings, “said the TSCL chairman, Rick Delaney. “Many have written to us that ‘our government has forgotten us’. A $ 1,400.00 stimulus check for social security beneficiaries could be a way to get extra non-taxable income for them.”
Over 95,000 people have signed a petition from TSCL for this $ 1,400 check SS receiversas the pressure grows.
Prices across United States rises to an astronomical level, with Bureau of Labor Statistics even reports that since October 2020, consumers are paying an average of 6.2% more across the market. Some things such as food have increased by 5.3% while energy costs have increased by more than 30%.
How do you receive the stimulus check for social security recipients?
That House of Representatives passed Build Back Better Act back Friday, Nov. 19, and that includes some benefits for seniors, even if there are no signs 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 be passed in the Senate until 2022.
This is because Democrat Sen. Joe Manchin has stated that he will not support Build back better the bill, which means that the millions of people it supports are now being left behind. Although progress is expected in 2022, the $ 1.9 trillion bill will not be given the green light by 2021.