- The US Congress is pressured to issue a new one-time payment worth $ 1,400.
- The check would be to help seniors with financial difficulties.
- According to the nonpartisan group The Senior Citizens League, thousands of retirees “began cutting their pills in half because they cannot afford prescription drugs.”
The nonpartisan group The Senior Citizens League, which advocates for senior benefits, said its president Rick Delaney wrote to congressional leaders as a way to pressure him to write a one-time check worth $ 1,400 to help seniors with financial difficulties.
Delaney noted in the letter sent to Congress that his organization asserts that thousands of seniors “used up their retirement savings, started eating just one meal a day, started cutting their pills in half because they can’t afford prescription drugs.”
They pressure Congress to write a one-time check for $ 1,400
“These are just some of the drastic steps that many have had to take because of what the inflation this year, ”Delaney wrote, adding that many older adults believe that“ our government has forgotten ”about this population.
According to Mary Johnson, Social Security and Medicare Policy Analyst at TSCL, “A one-time check for $ 1,400, combined with a 6 percent increase in the Social Security cost-of-living adjustment projected for next year, would help to a great extent to alleviate the problems “, he reviewed The Sun.
New payment will benefit the elderly
“There are several reasons why a $ 1,400 stimulus check is still sorely needed for Social Security recipients,” Johnson wrote in an email to GOBankingRates.
Johnson asserted that a large percentage of Social Security recipients are in “financially fragile” circumstances, adding that “approximately 43 percent of those who responded to our online survey say they have no retirement savings.”
They ask for an increase in the Social Security cost of living adjustment
“Of those who do have savings, our surveys found that 50 percent of respondents said that their retirement savings had not recovered to the pre-pandemic value as of December 31, 2019, despite the large rebound in the market. values later in 2020 and the early part of 2021 when our survey was conducted, ”Johnson said.
Johnson further noted that an increase in the Social Security cost-of-living adjustment could lead to a reduction in benefits for other programs, such as food stamps, rental assistance and Medicare savings.
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