Newsflash: The cost of living for senior citizens is increasing. And, like, by a lot.
According to reports, the Social Security cost-of-living adjustment for the 2022 calendar year could be the highest that it has been in decades.
How high? The non-partisan Senior Citizens League indicates that the increase could top 6 percent. Considering that the benefits bump for 2021 was just over 1 percent, that’s a pretty significant increase. The projected increase is a good news-bad news type of situation. While it’s good that adjustments are being made, the increase is really just indicative of rising all-around costs that could be straining the finances of America’s senior citizens. As a result, the aforementioned Senior Citizens League is hoping for a little bit more support. Specifically, it recently sent a letter to Congress lobbying for another round of $1,400 stimulus checks – but just for qualifying senior citizens.
Why the Push for Stimulus Checks?
While an increase in social security can help, any increase can largely be offset by taxes and price increases in other senior citizen programs. That’s where a stimulus check could come in handy. It doesn’t count as income – so it’s not taxable. It would simply represent additional spending money for senior citizens, particularly those who are low or middle income retirees.
Per feedback from The Senior Citizens League, many of its members have reported difficulty affording groceries, having to cut down meals per day, or having to limit prescription drugs based on financial difficulties made worse by universal cost increases. Furthermore, financial adjustments that senior citizens have had to make since March 2020 include spending emergency savings, changing investments or withdrawing money prematurely, or even turning to food pantries or food stamps to help with meals. The stimulus checks that the federal government has handed out to date have been widely popular among the American people, yet many Americans who needed the extra assistance reported that it wouldn’t likely last them for more than three months.
How Likely is this Push?
To be frank, it’s unlikely to happen. The enhanced federal unemployment benefits expired earlier this month and there was no huge push to extend them. It’s unlikely that any sort of additional stimulus check will be approved, even if it’s just for senior citizens. However, while any sort of senior-specific stimulus package is unlikely to pass, this action from The Senior Citizens League could go a long way toward raising awareness about some of the key challenges that senior citizens face when it comes to financial insecurity. This could in turn lead to future action from the federal government to correct some of the issues that are currently plaguing them.
Would be nice.
It would help alot!!
Living on fixed incomes certainly has the pitfalls we don’t expect. Major repairs on autos and homes and the cost factors for one thing. Those can eat into the savings of most. And the cost of daily living increases all the time, so a stimulus check would certainly be helpful, we don’t all have children to look to.
California taxpayers get California stimulus money. Non filers in California get zero. My wife and I are non filers we got zero. And our only source of income is social security a wapping $1,800 per month to live on.
Amen. A 4th Stimulus Check Would SURE Pull Out Collective A–es Out Of The Perverbal Fire BUT Then Again WHY Should WE Count On ANY One From D.C. To Possibly Comprehend THE Plight That We THE People Of (what used to be the Middle Class) Who ARE NOW WAY Below That Concenus NOW . So How Can WE Expect (let alone Anticipate) ANY Thing TO Come OUT Way WHAT With THOSE PURE 1%’s (per centers) WHO Should Be HELPING Out Their Fellow AMERICANS & OR VETs. Get OUT From under The Financial Burden That They Put IS In The 1st Place With Their MILLION$ & BIILLIONs OF ” $$$$$ ” BUT HEY IT IS ALL 1 BIG ” PIPE ” Dream That WILL GET Stuck Up OUR Collective A–es. AS Usual. OH WELL… HOOO – RAHH
Lol hell we ain’t near got the second or third ones so guess a fourth ain’t in our future eather. Bein in these 80’s ain’t what bs Biden been talkin to usin here.
Yea, it would help out BUT it is just one more step for our being taken over by pure Nazi communism. It happened in Cuba, Venezuela, China and a few more countries. All countries are being taken over one country at a time. If they take down the United States, the whole planet is done! All freedoms gone, completely and your slavery will e in full affect! Don’t be so quick to receive it. If Bobblehead Biden sends me one, I am going to Biden’s white house (no capital letters for white house here) in Atlanta Georgia and shove the money up his a s s !
There is no money to send more stimulus. Janet Yellen said that by this October, America will be bankrupt and Bobblehead wants to force a 3 trillion dollar infrastructure plan on us? There is not any way to get the money from. No more money can be printed without putting all of America into the deepest inflation of all time, highest prices ever, deep taxation and I don’t even know how to pay the intended taxes Bobblehead wants. Our entire country will be shut down. No jobs, schools, businesses. All will fold. They are also going to do away with paper money and make us get digital money that they can track your finances with. And you readers want more stimulus? Go live in another country if that’s how unpatriotic you are showing. Use your stupid heads, people. You want free everything? Free is not free. You will be given the basics, that is all and you may have to wait months for that, too. Where will the goods come from if there are no more farmers, or workers in any field? At least I love my country and want the greatest life for all, but YOU DO NOT!
Like they said most unlikely , they don’t care about us . We’re close to death and can’t get around to vote like they want us to . Voting for me is no problem tho . I live a block away from a voting station. Even tho they stole my vote and gave it to one I didn’t vote for . But I don’t see any help for us from the government . I mean hell Biden wants to tax our ss money . It’s not the first time he tryed that .
Why is it people can’t be honest and upfront with you why they always when you ask a question have to give you a whole lot of crap and still don’t get your answer your question answered yes or no it don’t make any sense
But yet they hand out child tax credits to whores who have 4 and 5 illegitimate bastard kids and the money goes out every 15th of the month FOR EACH AND EVERY ONE OF THEM. That disgraceful illegitimate vice president went to the streets of Chicago telling black teenage girls to get knocked up because she will be sending them FREE MONEY from whitey’s taxes.