When it comes to stimulus payments, many Social Assistance beneficiaries wonder whether they will qualify for them and need to take any action as the fourth round of stimulus money begins to be disbursed. Fortunately, the IRS has helped clear up a lot of the confusion, so if you’re stumped and looking for answers, we’ve got you covered.
While experts attempt to anticipate the long-term ramifications of COVID-19, one advocacy group is petitioning Congress for the fourth supply of stimulus funds.
On October 4th, the Senior Citizens League (SCL) urged Congress to send out a $1,400 stimulus check to seniors claiming Social Security benefits.
The statement begins by stating that, “Today, seniors who have spent their retirement funds are calling us in tears because they are now eating only one meal per day or eliminating medications in half because they can no longer afford them.”
Despite the fact that a further stimulus check for the general public is unlikely, an influential non-partisan organization is attempting to persuade Congress to provide Social Security beneficiaries with a $1,400 payment to combat inflation.
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Our Senior Citizens Association contacted members of Congress in the Senate and House to propose a focused stimulus program for seniors.
The letter reads, “We’ve heard from thousands of them [seniors] who have depleted their retirement savings, who have cut their pills in half because they can no longer afford their prescription drugs, to name just a few of the drastic measures so many have had to take because of what inflation has done to them this year. So many people have written to tell us that their government has forgotten about them.”
Social Security payments will see one of the highest cost-of-living adjustments in years, with hikes of more than 6% by 2022. On the other hand, the Senior Citizens League thinks that this will be insufficient, and it may push some community members into higher tax categories. At the same time, Social Security payouts rose by only 1.3 percent.
However, not only elders are looking for a further stimulus payment. Over 2.9 million individuals have submitted a Petition on change.org “asking Congress to promptly assist persons with a $2,000 payout for adults and even a $1,000 payout for children, and to continue regular testing throughout the disaster.”