Social Security will give a SURPRISE boost with payments of $ 1,600 in January


  • Social Security will give a SURPRISE boost with payments of $ 1,600 from January 2022
  • This is a HISTORICAL increase, the highest that has been seen in the United States since 1982
  • More than 64 million Americans will start receiving a ‘juicier’ monthly check

GOOD NEWS. Social Security will give a SURPRISE boost with payments to beneficiaries of $ 1,600 from January 2022. This is a HISTORICAL increase, the highest it has seen in the United States since 1982.

Starting in January of next year, more than 64 million Americans will begin to receive a ‘juicier’ monthly check and it is that the Social Security Administration (SSA) reviewed the cost of living (COLA) and decided to make an adjustment in beneficiary payments.

Social Security will give a SURPRISE boost with payments to $ 1,600 in January

Social Security will give a SURPRISE boost with payments of $ 1,600 in January
Photo: Shutterstock

On average, last October, a retired worker received a payment of about $ 1,562.66 dollars, but with the 5.9% increase in the cost of living, he will now receive an approximate of $ 1,654.65 dollars. This is the highest increase seen in the United States since 1982.

So from the month of January, beneficiaries will see an average of $ 92 more on your monthly checks. While the adjustment is helpful, it doesn’t even match the cost increase in the past year, which according to the Bureau of Labor Statistics has been 6.3%.

More ‘juicy’ Social Security checks

They ask to deliver checks for $ 2,000 dollars a month
Photo: Shutterstock

What will happen to Supplemental Security Income (SSI)? Payments will also increase 5.9%, representing an average increase of $ 34. If a beneficiary now receives a check for $ 587, starting in January they will receive one for $ 621.

Generally, a Social Security beneficiary receives 12 checks each year. More than 70% of these beneficiaries are retired workers. The problem is that the money they receive, but the spouses and children of retired workers can also claim the cash.

Older adults in dire situation

Social Security will give a SURPRISE boost with payments of $ 1,600 in January
Photo: Shutterstock

In August of this year, the Senior Citizens League revealed the plight of older adults in the United States. According to their research, in the last 20 years, Social Security benefits have increased by only 55%, while housing costs have increased by 118%.

The grandparents’ need is so great that they end up resorting to food pantries. “It is very disturbing that such a large number of survey participants were forced to access food pantries,” said Mary Johnson, spokeswoman for the Senior Citizens League.

‘Priceless’ medical care

less money check
Photo: Shutterstock

Even medical care is “priceless” for adults and that item has experienced an exorbitant increase that exceeds 140%. Right at the end of their lives, when they need medicines and doctors the most is when it is the most difficult for them to get them.

“This illustrates the dire situation facing households of those who depend on Social Security for most of their income when food prices skyrocket,” added Johnson. Meanwhile, a project that proposes to deliver a new check to the elderly continues to be a beacon of hope.

Social Security Beneficiaries Can You Wait For A Fourth Check?

Social Security will give a SURPRISE boost with payments of $ 1,600 in January
PHOTO Shutterstock

Even after the federal government already approved three economic stimulus checks as aid during the pandemic, some continue to insist that they distribute a fourth round, but can Social Security recipients expect a fourth check?

2021 is coming to an end and citizens are unlikely to receive further economic stimulus for the remainder of the year. However, a nonpartisan group is under pressure to consider passing the Senate direct aid to the elderly.

Social Security Beneficiaries Can You Wait For A Fourth Check?

Social Security Beneficiaries Can You Wait For A Fourth Check?
Photo: Shutterstock

By 2019, nearly 5 million people over the age of 65 were living in poverty, according to data provided by the Congressional Research Service. The pandemic only deepened the dramatic situation experienced by many elderly people in the United States.

In view of the outlook, the nonpartisan organization Senior Citizens League decided to take action and has been insisting that a fourth check be issued to the elderly. For this, he sent members of the House and Senate a letter inviting them to consider a new payment for these people specifically.

How much money do they ask for the elderly?

Some 'lucky ones' will receive another check for $ 1400
PHOTO Shutterstock

The application, which already has 75,000 signatures, raises the needs of grandparents in the United States and exposes the need for additional financial assistance to be provided to them that allows them to pay for their basic requirements, put food on their table and simply survive.

The emergency stimulus check requested by the Senior Citizens League for Social Security beneficiaries is for $ 1,400 dollars. This money would even allow them to cope with the increased costs of health care that right at this age is when they need it most.

The rise was left behind

Social Security Beneficiaries Can You Wait For A Fourth Check?
Photo: Shutterstock

By 2021, the Social Security Administration (SSA) granted program beneficiaries a 1.3% increase, equivalent to about $ 20 a month, The Sun noted. But the SSA has already approved plans for 2021 that include increasing monthly payments with the idea of ​​trying to offset the high cost of living.

They are forecasting a 5.9% increase in profits by January 2022, the largest increase in 40 years. Retirees, for example, will go from receiving $ 1,565 per month, which is what they currently earn, to receiving a check for $ 1,657 per month.

Fourth check for 2022?

Social Security Beneficiaries Can You Wait For A Fourth Check?
Photo: Shutterstock

For now, Social Security recipients will have to settle for SSA’s future plans, because right now President Biden has focused on the infrastructure bill and the social spending plan. So, that fourth check is unlikely in the near future.

The reality is that if a fourth check were to be approved, it would probably happen by 2022 and that is that US legislators have barely two weeks of session left in 2021, a very short time to take any action in the Senate. Social Security will give a SURPRISE boost with payments of $ 1,600 in January.

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