Social Security checks distributed by the IRS under the Old Age Relief Bill dating back to COVID-19 have begun this December, with seniors receiving benefits in varying amounts of money.
The money is part of the ongoing governmental commitment to benefit payments to American citizens after the COVID-19 pandemic.
President Joe Biden has based much of his administration on rebuilding the American economy after the near-collapse after the pandemic, which left a lot of citizens jobless and facing economic strife.
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Rumors of further fiscal instability have led people to wonder whether or not the government will fulfil their obligation with regards to the checks, however that has since been dispelled.
How much money will each person receive?
The US government opted to increase old-age payments through Old Age Relief to 2,000 dollars after discovering that about 50 percent of seniors in the country are struggling financially to make ends meet.
The bill would add 200 dollars to each monthly check for anyone currently receiving Social Security benefits or who turns 62 in 2023. If the plan passes, beneficiaries would receive an extra 2,400 dollars a year.
When will payments be sent?
A timeline has been set out for just when the payments will be distributed to American citizens, which has been made publicly available.
According to the timeline set out by the government, the timeline for payments in December 2023 is as follows:
- December 1: Payment for those who have been receiving Social Security Disability Insurance (SSDI) since before May 1997.
- December 13: SSDI payment for those with birthdays falling between the first and tenth of any month.
- December 20: SSDI payment for those with birthdays falling between the eleventh and twentieth day of any month.
- December 27: SSDI payment for those with birthdays falling between the twenty-first and thirty-first day of any month.
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December 08, 2023 at 03:03AM
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