All articles tagged with #government benefits
The U.S. government will soon offer 'Trump Accounts' for children born between 2025 and 2028, providing an initial $1,000 deposit and allowing parents to contribute up to $2,500 annually, with funds invested in the stock market to be accessed when the child turns 18, aiming to boost future financial security for over 14 million children.
Social Security payments for December 2024 will be distributed based on recipients' birthdates, with those born between the 1st and 10th receiving payments on December 11, those born between the 11th and 20th on December 18, and those born between the 21st and 31st on December 24. Individuals who have been receiving benefits since before May 1997, or who receive both Social Security and Supplemental Security Income, will receive payments on December 3. If a payment is missing, the Social Security Administration advises waiting three additional mailing days before contacting them.
Uber Eats will begin accepting government-funded food assistance programs, such as SNAP, as a form of payment for food delivery starting next year. This move follows similar initiatives by Instacart and Amazon. The change aims to reduce barriers to fresh groceries, particularly for vulnerable populations living in food deserts or facing transportation challenges. Over 41 million Americans receive SNAP benefits, making it the largest food assistance program in the country. Uber Eats also plans to accept other forms of payment, such as flexible spending account cards and state waiver payments.
The political stalemate in Washington over raising the debt ceiling threatens to disrupt payments to millions of Americans who rely on government benefits each month. Seniors, veterans, and Americans living with disabilities could be the first to suffer if the federal government is unable to pay its bills as soon as June 1. Several people shared their growing financial fears as the political stalemate continues.
Millions of older Americans who rely on Social Security to pay for basic needs such as food, housing, and healthcare costs are at risk of not receiving their payments if the United States defaults on its financial obligations due to the political stalemate over the government's debt ceiling. The Social Security Administration plans to send contributions to beneficiaries on four dates next month, which would be the first ones at risk of being delayed. Experts warn that the consequences of the impasse in Washington could be dire, threatening essential services, retirement savings, and the overall economy.