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FinanceBuzz

An extra check is coming your way if you collect social security!

Social Security Recipients Can Expect to Receive an Extra Payment In August

McPhersonBuzz News

In July 2024, people with disabilities in the U.S. will receive up to $4,000 in new stimulus checks from the Social Security Administration, with payments scheduled based on birth dates and including a 3.2% cost-of-living increase to help manage rising costs. Upcoming $4,000 Stimulus Checks for People with Disabilities – Payment Dates and Details According […]

$4,000 Stimulus Checks for People with Disabilities: Social Security Administration’s Latest Effort to Ease Financial Strains

Georgia State

Florida State

WashingtonExaminer

With July quickly coming to a close, SNAP beneficiaries in eight states should expect to see their July payments hit their accounts by Sunday. The funds, worth up to $1,751 for a household of eight, will be uploaded to an Electronic Benefit Transfer card, which functions as a debit card and can be used at […]

Food stamps: Eight states sending out SNAP benefits worth up to $1,751 this week

The Motley Fool

The USDA announced SNAP benefits will increase by just a few dollars next year. Find out how much your household will receive from October onwards.

SNAP Food Benefits to Increase by Just $2 a Month for a Family of 4 in 2025

Starting next month, changes will be noticeable in the monthly benefit distribution schedule for Social Security beneficiaries, especially those dependent on Supplemental Security Income (SSI). These adjustments mean recipients may receive payments earlier or later than they typically expect. As a result, it’s vital that all SSI beneficiaries adapt their budgeting strategies to accommodate these changes.

Adjustments to social security payment schedule incoming

If you get Social Security checks, keep an eye on the calendar: Certain beneficiaries will receive two payments in August. The scheduling change affects Supplemental Security Income, or SSI, which is a Social Security program that provides financial help to low- and no-income Americans who don't have many resources and are blind, disabled, or age 65 and up. According to the latest data from the Social Security Administration, about 7.4 million people receive SSI every month.

Millions of Social Security Recipients Will Get 2 Payments This Month

The Supplemental Nutrition Assistance Program (SNAP) will start issuing benefits for August on August 1. Depending on your state, payments will either be distributed in a single batch or spread out throughout the month, with amounts reaching up to $3,487. August Payment Schedule by State. According to Okdiario, SNAP benefits…

$3,487 in SNAP Benefits: Find Out When Your State Will Pay in August!

Millions of retirees can expect to see their Social Security benefits for the month of August hit their bank account on Aug. 14. The amount of Social Security benefits retirees receive depends on the age at which they retire, the number of years they paid into the system, and the amount of money they paid […]

Social Security update: First round of August payments worth $4,873 to go out in 16 days

The average Social Security benefit at age 65 is about $1,553 per month. This is for retired workers who started collecting Social Security before full retirement age. Sixty-five is a common age to start Social Security because it is the age of Medicare eligibility. Here's what the typical 65-year-old gets...

This Is the Average Social Security Benefit for Age 65

The US Sun

A RARE event will lead to some Americans receiving more Social Security payments this month - all because of a technicality in the system. The month of August comes with two checks for Social Security beneficiaries. The Social Security Administration (SSA) distributes payments on a regular schedule, providing Social Security...

Millions of Americans will score two checks up to $2,830 this month thanks to little-known Social Security rule

The Social Security Administration (SSA) is making changes to its payment schedule for August and September. This will affect millions of Americans who rely on Social Security benefits, particularly those receiving Supplemental Security Income (SSI). Typically, SSI benefits are paid on the first of each month. However, when the first...

Early SSI payments scheduled for August

A Social Security spousal rule that has been around for decades officially ends this year for everyone except those who turned 70 on Jan. 1, 2024. The rule allows recipients to switch between their benefits and their spouses to receive the maximum amount. But unless you were born before Jan. 1, 1954, you won’t be able to take advantage.

This Social Security Spousal Rule Is Officially Finished in 2024 — But These 3 Strategies Remain

Social Security recipients can expect a cost-of-living adjustment (COLA) of around 2.6% to 2.7% in 2025, according to recent forecasts. This would mark the first time in 32 years that Social Security benefits have seen four consecutive COLAs of at least 2.7%. The Senior Citizens League (TSCL) predicts a 2.63% COLA for 2025, while independent analyst Mary Johnson has slightly lowered her forecast.

Modest Social Security COLA Expected for 2025

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Social Security's cost-of-living adjustment (COLA) is on the verge of doing something that hasn't happened in roughly three decades -- but it likely won't help retirees.

Social Security's 2025 Cost-of-Living Adjustment (COLA) Forecast Has Changed -- but a History-Making "Raise" Is Still Probable

Raising the retirement age for Social Security even by just a year or two would result in significant reductions in payments for most Americans, a new analysis shows. Under the current Social Security system, the full retirement age is 67, but people can claim benefits as early as age 62 or as late as age 70. If you wait to collect Social Security, your monthly payments will be larger: Claiming at 62 means a 30% penalty, and waiting until 70 means a 24% bonus.

Raising Social Security Retirement Age ‘Would Cut Benefits by Thousands’: Analysis

Pennsylvania State

Business Insider

Maureen lives on $1,601 monthly Social Security payments but doesn't want to use her 401(k) because she's worried about making it last.

A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).

August is another wonky month for Social Security recipients, with two changes to the normal calendar due to payment dates falling on the weekend. Roughly 68 million Americans receive Social Security benefits every month, including almost 9 out of every 10 people age 65 and up. Social Security funds aren't just for older folks, though. Payments go out to retirees, survivors of late workers, those with little to no resources, disabled workers, the blind, dependents and more.

When Social Security Recipients Will Get Their Checks in August

Middleborough, MA

Dianna Carney

Get ready for a delightful night of inflatables, games, and fun, all set to the backdrop of a family-friendly movie! MeetingHouse Church has announced they'll be hosting Free Movie Saturday, inviting the entire community to join them on the Middleboro Town Hall Lawn (10 Nickerson Ave) for an evening filled with engaging activities and an entertaining movie.

Inflatables, Games & More: Don't Miss This Free Family Movie Night in Middleborough

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

NewsBreak

SNAP recipients whose food spoiled during power outage may be entitled to replacements

If you receive Supplemental Nutrition Assistance Program (SNAP) benefits and had your food spoiled during the power outages caused by severe weather in the Valley, you...

SNAP recipients whose food spoiled during power outage may be entitled to replacements

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