Amounts Archives - DR News - News, Retirement, Finance

Social Security Check Amounts: Factors Affecting Retirement Benefits Payments

Chicago, IL – Without the monthly benefits provided by Social Security, millions of retirees, survivors, and disabled individuals would struggle to keep up with rising costs and financial obligations. The upcoming Social Security checks are crucial for many beneficiaries, especially seniors who have claimed benefits since May 1997. These payments include a cost-of-living adjustment (COLA), with the average payout expected to be around $1,900, ensuring recipients can meet their basic needs. As of September 2023, …

SSI Payment Increase Confirmed for April: New Benefit Amounts Announced

Washington, D.C. – The Social Security Administration (SSA) has recently announced updates to the Supplemental Security Income (SSI) payment schedule, affecting millions of beneficiaries across the nation. Effective as of April 1st, individual SSI recipients will receive $943 monthly, while couples may receive up to $1,415 in financial aid. SSI, a federal assistance program, caters to elderly, blind, or disabled individuals with limited income and few resources. Administered by the SSA, SSI aims to ensure …

Social Security Expert Debunks Common Misconceptions About Benefit Amounts

Wilmington, Delaware – Social Security benefit calculations can sometimes be a source of confusion and frustration for recipients. Many individuals question whether they are receiving the correct amount, often believing they are being shortchanged by the government. Despite these concerns, it is important to understand that Social Security benefit amounts are determined by a variety of factors, including earnings history, date of birth, and age at the time of filing. One common misconception is that …

Calculation: The Truth Behind Social Security Benefit Amounts

California, USA – Many people have concerns about the accuracy of their Social Security benefits, often feeling that they are receiving less than they are entitled to. However, it is essential to understand that the calculation of Social Security benefits is a complex process that takes into account various factors, such as date of birth, earnings history, age at filing, and spousal benefits. One common misconception is that errors in benefit amounts are due to …

Oregon Lawmakers Approve Bill to Recriminalize Small Amounts of Drugs, Moving Away from Decriminalization Trend

SALEM, OREGON – Lawmakers in Oregon have recently passed a bill that aims to reclassify the possession of certain drugs as a misdemeanor offense. The new measure comes after a prior voter-approved initiative decriminalized the possession and personal use of all drugs in the state. Now, legislators are seeking to reverse course on certain substances like fentanyl. The bill, known as HB4002, has now made its way to the desk of Democratic Governor Tina Kotek …

Social Security Payments for February 2024: Schedule, Amounts, and How to Access Your Payment Status

Atlanta, Georgia – Social Security recipients in some parts of the country will be receiving their February payments earlier than usual this month. The Social Security Administration announced that beneficiaries who receive both Social Security retirement benefits and Supplemental Security Income, as well as those who claimed Social Security prior to May 1997, will get their payments a day earlier than usual. This change in the payment schedule is due to the upcoming 3.2% cost-of-living-adjustment …