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.
Low- and middle-income families with children in New York are about to receive an extra financial boost starting next month. Governor Kathy Hochul recently announced that over a million families across the state will benefit from an additional payment of up to $330 per child through the Empire State Child Tax Credit. Here’s what you … Read more
The USDA and the Food and Nutrition Service (FNS) provide monthly SNAP payments to American households with low incomes, helping them purchase nutritious food. These funds, loaded onto an Electronic Benefits Transfer (EBT) card, can be used in-store or online. If you’re new to the Supplemental Nutrition Assistance Program (SNAP), here’s a guide to using … Read more
The USDA has introduced a new initiative called the SUN Bucks program to assist families with school-aged children during the summer. This program provides a one-time payment of $120 per eligible child to help cover food expenses, aiming to alleviate the financial burden when children don’t have access to school meals. The initiative is part … Read more
In August 2024, the Social Security Administration (SSA) will issue multiple payments to recipients of the Supplemental Security Income (SSI) program. Notably, SSI recipients will receive payments on two different dates: August 1 and August 30. The payment on August 30 is actually for September but is distributed early to avoid delays due to the … Read more
In 2024, significant financial support is on the horizon for Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI) recipients, and low-income groups. This anticipated assistance includes a $200 monthly increase and a potential fourth stimulus check of $2000. Let’s delve into the details and eligibility criteria for these aids. New SSI Aid for 2024 … Read more
The SSA data shows a drop of 119,395 SSI recipients from May 2023 to May 2024, with the number of beneficiaries decreasing from 7,380,737 to 7,261,342. This decline can be attributed to several factors: 1. Income Changes SSI recipients must meet strict income limits to remain eligible. Any increase in income, whether from wages, pensions, … Read more
If you meet all the requirements Social Security has set for disability benefits, you could receive the largest SSDI payment in August. SSDI, along with Supplemental Security Income (SSI), is a crucial financial support system for millions of Americans who are unable to work due to disability. While the average SSDI payment is $1,537, the … Read more
A recent decision by the Colorado Court of Appeals has raised concerns among Social Security beneficiaries. The court ruled that Social Security benefits can be considered as income in alimony cases during divorce proceedings. This revolutionary decision challenges traditional interpretations of federal law and could impact millions of retirees and divorcees across the United States. … Read more
Today, eligible Social Security beneficiaries will receive two payments. Retirees and disabled individuals who began collecting benefits after May 1997 and were born between the 21st and 31st will receive their deposits today. To qualify for these payments, beneficiaries must have applied and met specific requirements, such as reaching full retirement age (FRA), having a … Read more
The US Department of Agriculture (USDA) has confirmed the delivery date for the first Supplemental Nutrition Assistance Program (SNAP) benefits, including the new increase from the cost of living adjustment (COLA). While Social Security beneficiaries eagerly await COLA updates, SNAP recipients are also keenly interested in their annual benefit adjustments. The USDA has announced that … Read more