Category: Government Rebates and Payments

With rising inflation many states are raising the minimum wages for workers, often above the mandated federal minimum. This is good news for lower-income workers, where the minimum wage is barely enough to survive on. Note that the federal minimum wage is currently $7.25 and remains unchanged this year. However…
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[Updated for projected 2024 Increase] Soaring inflation and related Fed rate hiking actions had a silver lining for many eligible recipients in 2023, with a 8.7% increase (~$145 p/month) in Social Security (SS) benefits and Supplemental Security Income (SSI) payments in 2023. The 2024 increase however is expected to much smaller as inflation cools,…
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A few weeks ago several members of my extended family posted on our family chat group that they were exhibiting COVID like symptoms. Given we just had met many of these family members at Thanksgiving I was alarmed when I read the message and like many in that group rushed…
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The SSA released the final figure for the 2022 COLA increase which affects nearly 70 million Americans collecting social security and SSI benefits. The 2022 raise was 5.9%, which translates to an extra $92 in retirees’ average monthly benefit next year. It was nearly 5 times last years increase. See…
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