Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's due to a quirk in the system.
Some Americans will receive two Social Security payments this month, a rare occasion that is the result of a quirk in the system. Typically, the Social Security Administration sends out just one Supplemental Social Security payment each month, delivering checks on the first day of the month unless it falls on a weekend or holiday. Because June 1 falls on a Saturday, SSI recipients will receive two payments in the month of May.
A recent survey published by Atticus found that an overwhelming percentage of seniors collecting Social Security – about 62% – are dissatisfied with the 3.2% payment increase they're receiving in 2024. In fact, nearly three in five seniors reported struggling financially as the cost of everyday necessities like food, rent and medical care remains uncomfortably high, while about 20% of seniors receiving Social Security plan to seek employment this year due to the small increase.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Americans to Get Additional Social Security Payment in MayThe payment date change applies to those claiming SSI benefits as well as some retirees.
Lire la suite »
Social Security Cuts Backed for Some AmericansSwing state voters support the trimming of benefits for higher earning Americans, according to a poll.
Lire la suite »
Millions of Older Americans at Risk of Losing Social Security Benefits Due to Student Loan DefaultsDemocratic lawmakers warn that millions of older Americans may lose some of their Social Security benefits if they default on student loan payments. Approximately 3.5 million Americans aged 60 and older hold over $125 billion in student loans, with nearly 40% of borrowers aged 65 and older having defaulted.
Lire la suite »
Social Security Warning For Millions of Older AmericansTop lawmakers demand Social Security retirement, survivor and disability benefits be exempted from student loan-related offsets
Lire la suite »
Retired Americans with student loan debt risk garnishment of Social Security benefitsDemocrat lawmakers want the Biden Administration to end the practice of Social Security garnishment to pay off outstanding student loan debt that impacts millions of older Americans.
Lire la suite »
As Americans reach ‘peak 65,' here's what to know when planning for Medicare, Social SecurityA “silver tsunami” of baby boomers is expected to enter retirement, prompting big decisions with regard to Medicare coverage and Social Security…
Lire la suite »