Welcome to Ajax Control Toolkit’s Economy section. Get the latest financial news, trends, and insights. Stay informed on market analysis, economic forecasts, and government policies to make smarter financial decisions.
Social Security’s cost-of-living adjustment (COLA) is a crucial aspect of retirement income for many Americans. While recent increases are historic, most retirees will still struggle to meet their needs. As of June, over 51 million retired workers received Social Security benefits, averaging $1,918.28 per month or just over $23,000 annually. This may not seem like … Read more
Millions of Social Security beneficiaries rely on their monthly payments to cover living expenses, especially those on Supplemental Security Income (SSI). However, a change in the payment schedule means that next month, SSI recipients will not receive their benefits as usual. This article explains the upcoming changes and how they affect SSI beneficiaries. Payment Schedule … Read more
Concerns are growing among retirees about potential Social Security benefit cuts, driven by fears that the trust funds may run out of money to cover the monthly benefits for over 70 million beneficiaries in the U.S. This financial strain is largely due to the mass retirement of older workers, leading to a revenue shortfall since … Read more
On July 15, 2024, the U.S. Food Safety and Inspection Service (FSIS) announced a significant recall involving hot dog products produced by AW Farms, a Kentucky-based company. These ready-to-eat hot dogs were distributed without undergoing the necessary federal inspections, sparking concerns about food safety and the crucial role of regulatory bodies in ensuring public health. … Read more
The Social Security Administration (SSA) has been ensuring financial support to millions since 1935. They provide monthly payments to retired workers, survivors, disabled persons, and those under the Supplemental Security Income (SSI) program. These payments follow an annual schedule, though adjustments are made if a payment date falls on a weekend or federal holiday. When … Read more
Social Security is a lifeline for millions of retirees in the United States, offering essential financial support in their later years. A significant aspect of this support comes from the cost-of-living adjustment (COLA), which helps retirees maintain their purchasing power amid rising prices. While the upcoming COLA for 2025 is anticipated to be historic, many … Read more
As August arrives, millions of Americans eagerly await their Supplemental Nutrition Assistance Program (SNAP) benefits. Administered by the United States Department of Agriculture (USDA), SNAP is a lifeline for low-income families, helping them access nutritious food. However, the timing and method of distribution vary by state, as each state sets its own rules. Distribution Timing … Read more
The Social Security Disability Insurance (SSDI) program provides crucial financial support to millions of eligible recipients in the United States. SSDI payments are scheduled four times a month, with each recipient eligible to receive one payment per month. Here’s everything you need to know about the upcoming SSDI payments and eligibility requirements. Payment & Eligibility … Read more
The Social Security Administration (SSA) has announced there will be no payments for retirees from August 5 through August 13. If you haven’t received your payment by August 2, you’ll need to wait until August 14 for the next disbursement. Let’s break down who qualifies for this payment and what you can expect. Eligibility To … Read more
There’s a buzz about an approved $200 increase in monthly Social Security, SSDI, and SSI checks, raising the total to $2,400. This potential boost is crucial for seniors struggling to make ends meet, especially in the face of rising inflation and economic challenges. Here’s the lowdown on this development. Increase The Consumer Price Index (CPI) … Read more