Eligible recipients can expect to receive their payments of $841 on Friday after receiving another payment at the beginning of the month, for a total of $1,682, according to the Social Security Administration. September is one of three months in 2022 that experienced two SSI payments, with the other two being April and December. Eligible couples will have two payments of $1,261 during September. Essential persons, meaning people who live with a person receiving SSI and provide necessary care, will also receive their second payment of $421 on September 30th. The double checks are not extra payments. Instead, they offset the months in which no payments are sent out to ensure eligible people receive 12 payments a year, according to the SSA schedule. Payments are not made in January, May, or October this year because the first days of those months are on a holiday or a weekend. Since 1974, the SSI program has provided money to those who qualify in order to give financial relief to those with limited incomes and resources. Based on the current rate, Social Security will be unable to pay out in full by 2035, according to Nexstar Media Wire. Next year, Social Security payments will likely rise due to growing inflation rates, according to analysts. But some people may end up earning less because the increase in payments could place them in higher tax brackets. In other news, the Social Security Expansion Act would give recipients an extra $200 per month in benefits. The bill was introduced in the House and Senate, but has not yet been passed.
Moving onto the subject of state stimulus checks. Residents of Indiana could soon receive payments totaling up to $325 for individual filers and $650 for joint filers. Last month, the Hoosier State legislature approved a second round of tax rebates entailing $200 for individual applicants and $400 for joint filers. The second round of rebates comes in addition to the first round of $125 and $250 payments for individual and joint filers, which some residents may not yet have received.
On Wednesday, President Biden promoted a goal to end hunger in the United States by 2030 as he delivered an address at the first White House conference on hunger since 1969, when President Richard M. Nixon pulled together a similar gathering. Biden said his administration is announcing $8 billion in public- and private-sector commitments to help reach the goal and said the push should be bipartisan and something for “the whole country to work on together.”
On Capitol Hill, the Senate moved a step closer Tuesday to avoiding a partial government shutdown after removing an energy-project permitting provision pushed by Senator Joe Manchin of West Virginia. Lawmakers are scrambling to pass a stopgap funding measure by Friday before leaving town. As you can see, we’ve got a whole lot of big ticket legislation items on the table, as typical for right before midterm elections.