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.
As July comes to an end, the Social Security Administration (SSA) is set to distribute two more checks to eligible beneficiaries. To receive one of these checks, you need to meet specific requirements. Meeting these requirements ensures timely payment, while failing to meet them means your payment will be scheduled for a different date. Requirements … Read more
The second round of July’s Social Security payments, valued at up to $4,873 for the highest-income earners who retire at 70, will be distributed to the first group of retirees tomorrow, July 17, 2024. These monthly checks provided by the Social Security Administration (SSA) are designed to reduce or replace retirees’ income once they stop … Read more
Colorado residents are set to receive up to $1,600 in stimulus checks, thanks to the state’s Taxpayer’s Bill of Rights (TABOR) refund. This refund, which has been in effect since 1992, aims to return excess tax revenue to the taxpayers. However, proposed changes in the distribution method could impact how Coloradans benefit from the state’s … Read more
On October 1, millions of Supplemental Security Income (SSI) recipients will benefit from a new law that took effect on September 30. The Social Security Administration (SSA) has made significant adjustments to the SSI program, expanding benefits and removing barriers for applicants. These changes will impact individuals and children who are blind, disabled, or over … Read more
Social Security is a crucial source of income for many citizens, particularly after retirement. Knowing how and when these payments are made is essential for effective personal financial management. The amount of money you receive and the timing of these payments depend on several factors related to your work history and contributions. The benefits you … Read more
Important changes regarding the Supplemental Security Income (SSI) paydays will take place in August. Generally, the Social Security Administration (SSA) schedules payments for the first day of the month. Therefore, SSI recipients are always the first to get their monthly check or direct deposit. The good thing is that there will be no delays and … Read more
The Social Security Administration (SSA) will announce the figure for the 2025 Cost of Living Adjustment (COLA) on October 10, 2024. This announcement coincides with the release of the Consumer Price Index (CPI) for September by the Bureau of Labor Statistics (BLS). Social Security requires the CPI data from July, August, and September to compare … Read more
As of today, a new minimum wage increase has taken effect for large, small, and micro businesses across the United States. This change is part of the ongoing effort to maintain workers’ purchasing power amid inflation, ensuring wages keep pace with rising living costs. By 2027, all businesses must pay their employees a minimum wage … Read more
As mid-year approaches, many Social Security clients are eager to receive their payments for July 2024. The Social Security Administration (SSA) issues payments according to a specific schedule based on the beneficiary’s date of birth. This article outlines the payment schedule for July 2024, details on how payment amounts are determined, and highlights special considerations … Read more
The first round of July’s regular Social Security payments will be distributed next week, with a maximum amount of $4,873 for high earners who retired at age 70. But what about everyone else? Payments Social Security retirement payments are monthly benefits provided to retirees to supplement or replace part of their income after they stop … Read more