Social Security – Social Security plays a vital role in the income of millions of Americans, especially retirees. According to Gallup, 80-90% of retirees depend on this program as a significant or supplemental source of income. A key feature of Social Security is the Cost of Living Adjustment (COLA), which ensures benefits keep pace with…
Social Security – The Social Security Administration (SSA) is rolling out key updates for 2025, impacting retirees and individuals relying on Supplemental Security Income (SSI). These changes aim to keep the program sustainable while adapting to economic trends. Here’s an overview to help you stay informed and prepared. Cost of Living Adjustment (COLA) Increases by…
Social Security – In a significant move, the Senate has passed the long-awaited Social Security Fairness Act, a reform aimed at increasing pension benefits for millions of Americans. This change comes as a relief to public sector workers, including teachers, police officers, firefighters, and others, who have long faced reduced Social Security benefits due to…
Social Security -The Federal Insurance Contributions Act (FICA) is a U.S. law designed to collect payroll taxes that fund programs like Social Security and Medicare. While the name may sound technical, it plays a crucial role in ensuring that millions of people receive benefits such as retirement and disability assistance. How FICA Works For most…
Social Security plays a critical role for millions of people in the U.S., especially retirees. Gallup surveys show that between 80% and 90% of retirees rely on Social Security as a major source of income. One of the most important factors affecting these benefits is the Cost of Living Adjustment (COLA), which determines how much…
The Social Security Administration (SSA) has already distributed all SSDI payments for recipients who began receiving disability benefits before May 1997, with payments issued on December 3. Those receiving Supplemental Security Income (SSI) received their payment at the same time. For recipients who began collecting SSDI benefits after April 30, 1997, and were born between…
In recent months, rumors surrounding a potential $800 stimulus check have been circulating across social media platforms and news outlets. These speculations suggest the payment would provide financial relief to low-income individuals struggling with economic challenges. However, it’s important to assess the origins of these claims and verify them against official statements. Background on Stimulus…
Several states will continue issuing SNAP benefits through December 23, 2024, but each state has its own method for determining payment dates. While all receive funding from the United States Department of Agriculture (USDA), their processing schedules vary. Here’s a breakdown of how benefits will be distributed: Alabama In Alabama, SNAP benefits are issued based…
The Supplemental Nutrition Assistance Program (SNAP), often called food stamps, is a lifeline for millions of Americans, ensuring access to essential groceries and combating food insecurity nationwide. Managed by the Department of Agriculture (USDA), SNAP provides vital support for low-income individuals and families, offering financial assistance to purchase necessary food items. With anticipated updates to…
Recipients of the Supplemental Nutrition Assistance Program (SNAP) in 22 counties across Oregon, including Douglas, Lane, and Marion, now have until December 18 to request replacement benefits for food lost during the severe storm on November 19-20. This extension, approved by the Oregon Department of Human Services (ODHS), provides additional time for affected households to…