The US families haven’t received Child Tax Credit for two months. The government ended the program after issuing the six installments in December last year. The low and middle-income families face financial struggle again as they wrestle with the high prices. The Child Tax Credit payments offered a financial cushion to the families and helped … Read more
The average SSI amount has increased by $34 this year; the new amount is $621 per month. The Social Security beneficiaries will receive $7,452 per year. The maximum Supplemental Security Income (SSI) is $841 per month and $10,092 in a year. The eligible individuals, including disabled children and adults, will have income below the threshold … Read more
According to the Social Security Administration, the expected average Social Security disability payout for a handicapped worker obtaining Social Security Disability Insurance (SSDI) in 2022 will be $1,358 per month (SSA). Benefits are calculated based on estimated lifetime wages, not household income or the severity of a person’s disability. If you’ve saved your yearly Social … Read more
February is well underway. Most eligible Americans have already received their first set of SNAP payments for 2022. The truth is, however, the pandemic is all but over. Nevertheless, many middle and lower-income households and families are still reliant on state, federal, or government relief programs. The Supplemental Nutrition Assistance Program (SNAP) is one of these. This … Read more
The new year arrived on a sad note for most Americans. The Federal government ceased the stimulus payments and the Child Tax Credit. Yet, millions of low-income families and individuals have received financial assistance for the last two years. The financial aid helped several families rise above poverty and raise their living standards. The families … Read more
Millions of student loan borrowers across the US will face difficulties in debt management. The increasing everyday expenses restrict their savings, and they have to eliminate essential services to repay the debts. However, borrowers can avail the benefits of the Income-driven repayment plan to receive valuable help regarding loan debt management. The borrowers can receive … Read more
According to a report by Gobankingrates.com, the first round of Social Security checks reflecting the new 5.9% cost-of-living adjustment was sent out earlier this month, and beneficiaries are now waiting for the second round, which will arrive in February. For individuals who qualify for the adjustment, the rise is the greatest in over 40 years, … Read more
People with Medicare Beneficiaries or Health Plan will be eligible for free COVID-19 evaluations starting in early spring as a component of the Biden-Harris Government’s continued efforts to improve Americans’ access to free testing. Medicare people will be required to have up to eight free COVID-19 tests every month as part of the new effort, … Read more
Though the world has come to a standstill due to the pandemic, the United States continues to strive and bring good news for its citizens. Millions of people in the United States are going to receive a check for $1657 by the end of January 2022. According to CNBC, recipients of the COLA Social Security … Read more
Retirees often need an extra income source besides their retirement benefits. The majority of retirees draw their income from the Social Security benefits. The monthly checks provide a monthly amount for eligible beneficiaries. GO BankingRates reports that nearly 40% of US citizens benefit from Social Security. Individuals qualify for the retirement benefits after 62; however, … Read more