Unusual Timing Leads to Second Social Security Payments for Many SSI Recipients
7.4 Million Americans Experience Rare Windfall with Second Social Security Payout
According to Fox Business, in the world of Social Security something unusual has happened. This week some Americans are getting second Social Security payout instead of one because of how the days fell this month. On March 1st which is the same day as the fourth Wednesday of February around 7.4 million people who get Supplemental Security Income (SSI) will get second Social Security payout for Americans as February and March payments.
Second Social Security Payout for Americans – Are You Qualified? (PHOTO: vibes.okidiario.com)
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Retirees Feel Pinch as Rising Costs Outpace Modest Social Security Increase
But, it’s important to understand that the second Social Security payout isn’t extra money. It’s just that they’re getting the next month’s payment a bit early. For older folks dealing with prices going up all the time the second Social Security payout payments are really important. The small increase Americans got this year is only 3.2% and doesn’t help much when everything keeps getting more expensive. Most retirees aren’t happy about the small increase. They’re struggling with bills for things like electricity, healthcare and food. Some are even thinking about going back to work just to make ends meet. It’s tough but the second Social Security payout are a big help for many Americans giving them some stability in a shaky world.
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