Stimulus Check 2022: Will A 4th Check Be Sent Out?

Stimulus Check

Through Social Security, Supplemental Security Income (SSI), and Social Security Disability Income, the government helps retired people, those with low incomes, and people with disabilities (SSDI).

Depending on their birthdate, each person receives their Social Security Stimulus Check on a Wednesday.

As soon as they turn 62, the majority of older persons can apply for Social Security benefits. Only Social Security recipients are eligible for the $1,657 payouts; everyone else is not. The Sun newspaper refers to that later in the piece, but not in the deceptive headline. However, the checks themselves are not new; rather, beneficiaries just get an increase in their monthly benefits payments to account for the cost of living.

New SSI Stimulus Check Being Sent Out

Social Security Stimulus Check provides an income to beneficiaries upon retirement or disability. Retirement Social Security benefits can begin as early as age 62.

A rise in the cost of living in 2022 will result in an increase in Social Security and Supplemental Security Income (SSI) payments of 5.9% for about 70 million Americans, according to the Social Security Administration’s (SSA) website. Cost-of-living adjustments (COLAs) were first made available to most Social Security recipients in January 2022, and the average monthly Stimulus Check for all retired workers is currently $1,657.

In a press conference regarding the 5.9% increase, Rep. Terri Sewell (D-AL), a member of the House Ways and Means Committee’s Subcommittee on Social Security, stated that the Social Security Act links the annual COLA Stimulus Check to an increase in the Consumer Price Index, the most popular measure of inflation in the U.S. according to the Bureau of Labor Statistics.

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