Some have tried to do basic math after the 2.5% cost-of-living adjustment (COLA) increase was announced in October, attempting to determine how much it would help or possibly even hurt their finances, and the findings are grim. The increase was done using CPI-W stands for the Consumer Price Index for Urban Wage Earners and Clerical […]

Americans struggling with the economic crisis are looking forward to the $1200 Federal Relief checks in 2024 with a glimmer of hope. Although these payments have not been officially announced, there have been discussions that suggest that these payments could be part of a larger federal assistance program assisting Americans to cope with the increased

Social security has played a vital role in the financial security of millions of retired couples in the United States. The Social Security Administration is anticipating that senior Couples, with both individuals collecting benefits, will receive an amount of $ 3,089 in December 2024. The SSA  has not officially confirmed this amount. However, it is

The central government has declared a 3% hike in dearness allowance, increasing it from 42% to 45%, effective July 1, 2024. This is mostly counted as the ongoing efforts of the government to support employees and pensioners in handling inflation. In addition to this, the Chhattisgarh government has announced a 4 % DA increase, advantaging

Bank branch closures remain in the news, and rightly so. The rapidly changing trends in global banking systems mean that clients transact their businesses more conveniently online rather than physically depositing cash in a certain branch of the bank; few, if any, institutions have practiced this than Bank of America, the second largest bank in

President Joe Biden signed $1.9 trillion in new coronavirus relief into law on Thursday, which means $1,400 stimulus checks could start to reach Americans in the coming days. Payments should go to about 159 million households. “People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” White House

December SSI Payment: Supplemental Security Income (SSI) is used by millions of Americans to pay bills for necessities like rent, food, and medical care. In December, the recipients will also get their payments before the usual time of the month. Because the first of December falls on Sunday, the Social Security Administration (SSA) has planned

Some 8 million people get Supplemental Security Income, many with disabilities that typically prevent them from working. The average monthly benefit is $541. That means the stimulus payments — authorized under the $2.2 trillion Coronavirus Aid, Relief and Economic Security Act to offset the impact of the coronavirus pandemic — amount to a significant cash

Socialism is a loaded word in the United States—a country where capitalism is the prevailing economic system and is the basis for the system of government. One situation in which the word tends to come up is when Americans look at government programs, especially Social Security. Social Security is a form of social welfare, but

Social Security benefits are not only limited to retirees or disabled persons; blue-eyed E. These benefits are available for qualifying children as well. We’ll fill you in. Even though it seems as though applying for benefits for a child through Social Security is going to have added steps, it really is pretty similar to applying