Can Social Security recipients still get a $1,400 incentive check? - Market News
Home » Can Social Security recipients still get a $1,400 incentive check?
Social Security

Can Social Security recipients still get a $1,400 incentive check?

Can Social Security recipients still get a $1,400 incentive check?

While the probability of the general population getting a quarter stimulus control are unlikely, an influential, impartial senior advocacy group is lobbying Congress to send another $1,400 check to people receiving Social Security to help them fight inflation.

The Seniors Union has sent a letter to members of the US House of Representatives and the US Senate, urging them to consider the age-targeted stimulus.

“We’ve heard from thousands of them [seniors] who have used up their retirement savings, who have started eating only one meal a day, who have halved their pills because they cannot afford their prescription drugs, just to name a few of the drastic steps so many have had to take because of what inflation has caused this years with them,” the letter reads. “Many have written to us that ‘our government has forgotten us’.”

Next year’s Social Security checks will have one of the: biggest cost of living changes in decades, with increases of more than 6%, but the Senior League says it’s not enough. That’s because, in part, the larger Social Security benefit could bump some seniors against higher tax brackets, resulting in surcharges on their Medicare Part B premiums.

A special incentive for Social Security recipients could help cover those costs, it says. And Social Security benefits for 2021 rose by just 1.3%.

The group recognizes that the odds of a special stimulus check being approved this year are slim, but hopes to rally seniors to make this a major issue by 2022 that will build congressional support.

It’s not just seniors hoping for a fourth stimulus check, though. More than 2.9 million people have a Change.org petition calling for recurring payments of $2,000 to adults and $1,000 to children.

The Biden administration has talk about a fourth round waved away of stimulus checks, which, however, instead pointed to the Child Tax Credit, which began making the first of six payments into parents’ bank accounts on July 15, and the American Rescue Plan, which is designed to stimulate the economy.

This story was originally on Fortune.com