Anushka Jha 
Rumors have been swirling recently about a supposed new $2,600 stimulus check for senior citizens, causing confusion and raising false hopes among many Americans. However, the Internal Revenue Service (IRS) and other reliable sources have firmly debunked these claims, labeling them as fake news. In an age where misinformation spreads rapidly, it’s crucial to separate … Read more
Chicago is stepping up its efforts to support its most vulnerable residents with the introduction of a groundbreaking stimulus check program. This innovative initiative, known as the Guaranteed Basic Income (GBI) program, is designed to provide monthly financial assistance to the city’s neediest citizens, continuing a successful model introduced in 2022. The program’s goal is … Read more
For retirees aged 62 and older, August 2024 brings two crucial Social Security payment dates. However, not everyone will receive the maximum direct deposit, and eligibility criteria can be stringent. Knowing these payment schedules and requirements is essential for retirees who rely on Social Security for financial support. Payment Dates In August 2024, the Social … Read more
For many Americans relying on the Supplemental Nutrition Assistance Program (SNAP), also known as Food Stamps, August is an important month for benefit distribution. Although some states have already completed their SNAP payments, others will continue to deliver these crucial funds to eligible recipients well past August 15, 2024. Knowing when and how you will … Read more
For retirees relying on Social Security, knowing the payment schedule is crucial to managing finances. In August 2024, several important payment dates are lined up, with specific criteria determining when you’ll receive your funds. Let’s break down the payment dates, eligibility requirements, and what to expect if you qualify for these direct deposits. First Payment … Read more
If you’re receiving retirement or disability benefits, keep an eye on your bank account because the Social Security Administration (SSA) is sending out new checks tomorrow. These payments are specifically for eligible retirees and disabled individuals born between the 1st and the 10th of any month, as long as they meet certain criteria. Whether you’re … Read more
Every month, the Social Security Administration (SSA) delivers five rounds of payments to over 71 million beneficiaries, including those receiving retirement, survivor, and disability insurance (RSDI), as well as Supplemental Security Income (SSI) recipients. However, the SSA has announced a slight change in the payment schedule for November 2024, particularly affecting SSI recipients. On Friday, … Read more
In about two months, retirees will be eagerly awaiting the announcement of the 2025 Social Security cost-of-living adjustment (COLA). This important financial update is expected to be released in mid-October, and current projections suggest an increase in Social Security benefits of between 2.6% and 2.7%. However, some experts believe the actual COLA could exceed these … Read more
As the end of the year approaches, many retired workers are curious about how much their Social Security checks will increase in 2025. Typically, the Social Security Administration (SSA) announces the cost-of-living adjustment (COLA) in October, which determines how much payments will increase to help beneficiaries keep pace with inflation. Last year’s COLA was set … Read more
As each year comes to a close, many beneficiaries of the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps, anticipate changes in their benefits due to the cost of living adjustment (COLA). This annual adjustment, implemented by the United States Department of Agriculture (USDA), is designed to ensure that SNAP benefits keep pace … Read more