Social Security payments in 2024 have been a hot topic since the start of the year. With a Cost-of-Living Adjustment (COLA) of 3.2%, many were hopeful about economic improvements. However, compared to the 8.7% adjustment in 2023, some were dissatisfied, especially when inflation outpaced the COLA in March. In 2023, the COLA was high due … Read more
In August, recipients of the Supplemental Security Income (SSI) program will be delighted to find a double SSI payment in their accounts. If you’re eligible for these monthly benefits, mark your calendar for August 1st, when you could receive up to $2,800. This double payment occurs because the first of September falls on a weekend, … Read more
While federal stimulus checks have ended, several states continue to provide direct payments to help residents tackle ongoing economic challenges and inflation. These rebates often promote sustainable energy choices, like purchasing electric vehicles or implementing clean energy solutions at home. So, which states still offer payments that Americans should look out for? Check for Unclaimed … Read more
With economic uncertainties continuing to loom large, discussions about the Cost of Living Adjustments (COLA) for 2025 are heating up. Comparisons with the notable 8.7% increase in 2023 have fueled speculation about next year’s adjustments. Economists, lawmakers, nonprofits, and other experts are keen on predicting the next COLA figure while striving to stabilize the economy, … Read more
In response to the severe economic impact of the COVID-19 pandemic, the federal government issued multiple rounds of stimulus checks to help Americans facing financial hardships. Although a fourth round of federal stimulus checks is not forthcoming, Californians can look forward to a new $1,200 stimulus check, known as the Middle-Class Tax Refund (MCTR). Let’s … Read more
Navigating the Social Security system can be tricky, especially when there are changes to payment dates. The Social Security Administration (SSA) ensures that retirees, disabled individuals, and those with blindness receive their benefits on time, but adjustments are sometimes necessary. Here’s what you need to know about the new payment dates for June 2024, including … Read more
For millions of low-income seniors, the Supplemental Security Income (SSI) program is a lifeline, providing crucial monthly benefits that help cover essential expenses. Without these payments, many individuals would face significant financial hardship and potentially live in poverty. As we approach a new month, there are important updates regarding the payment dates for SSI recipients. … Read more
Every month, the Social Security Administration (SSA) diligently distributes payments to millions of retired workers, survivors, disabled individuals, and those who qualify for the Supplemental Security Income (SSI) program. Knowing how and when these payments are issued can help retirees plan their finances better and ensure they receive the maximum benefits they are entitled to. … Read more
Big news is coming for seniors who rely on Social Security benefits. A new proposal aims to increase monthly benefits for seniors over the age of 62, promising a much-needed boost in their finances. This proposal, spearheaded by Representative Ruben Gallego, seeks to revise the cost of living adjustment (COLA) calculation, potentially transforming how Social … Read more
Exciting news for residents of Pomona, California! Los Angeles County has announced a new initiative offering direct payments of $9,000 in stimulus checks to qualifying households in the City of Pomona. From June 17 through July 8, residents can apply for the City of Pomona’s Universal Household Grant (Pomona HUG) Pilot Program. This initiative, in … Read more