Personal finance

Say Goodbye to Social Security Checks for Thousands of Americans This Year – List of Those Who Will Be Affected

Unfortunately, thousands of Americans will not accept them Social Security Checks as Social Security will cut more than 30,000 children from benefits starting in January. According to the Social Security Administration (SSA), about 30,000 children of deceased workers have been removed from Social Security this year. Social Security provides monthly checks to some of the most needy citizens of the United States. Social Security checks are given to the elderly, the disabled, and anyone left behind by a deceased worker who meets the SSA’s requirements, so that they can have enough money to cover their expenses. life such as housing, food, health care, entertainment and other conditions and help them pay the debt.

Goodbye to Social Security checks for thousands of Americans by 2025

As Kamala Harris’ Minnesota governor Tim Walz noted, her family relied on Social Security checks after her father’s death, but new data shows the agency saw reduction in the number of children receiving monthly benefits from the beginning of each month. year. In January this year, there were about 2.04 million children dead workers receiving Social Security checks; by July, that number had dropped to about 2.01 million. In total, about thirty thousand children lost their right to Social Security survivor benefits.

As Alex Beene, lecturer in financial education for the University of Tennessee at Martin, told Newsweek, This has been a source of misunderstanding in recent months and for good reason. We have noticed the decline of many groups of Social Security Recipientsincluding children of workers who died, but it is not clear why the reduction occurred, and the administration has not yet responded to questions. However, it is still unclear why the number of children receiving Social Security through survivor payments decreased from January to July, although there are many reasons why the number of beneficiaries should be reduced.

According to Kevin Thompson, founder of 9i Capital Group and financial expert, the SSA periodically reviews eligibility, potentially removing participants from the program due to factors including age, income, or the child’s age. inappropriate. Social Security Checks. He also explained to Newsweek that there are deficits that may need to be saved. If the income limit exceeds those restrictions, a means test may begin and benefits may be reduced or cancelled. Thompson added that birth rates can also affect eligibility for survivor benefits if a parent decides they need to do another job to support themselves.

Finally, he highlights the tight balance of providing Social Security checks to children under 18, adding that no effort has been made to reduce the number of young people who receive these benefits, but many may be aging and reducing the birth rate among Gen Y and Gen Z. , this may continue. Children have a right to access the benefit of the surviving child until they turn 18 or get married, with an average monthly payment of more than $1,000. However, gift recipients should note that, in some cases, stepchildren, grandchildren, and adopted children may also be eligible.

Can children qualify for the Supplemental Security Income program?

There are situations in which children can apply for Social Security payments from the SSI program, but they will need to meet strict requirements. Although SSI benefits are financial assistance, some children may be eligible to apply because of a disability, including autism spectrum disorder (ASD). Families struggling to pay for the treatments, therapies, and general care needed for a child with ASD can get these Social Security checks to save lives. To qualify for SSI benefits, your child with diabetes must meet certain medical and financial needs. Although autism is recognized as one of the qualifying conditions, the degree of disability must be demonstrated. Based on current SSA guidelines, applicants must meet the following medical requirements:

  • Disadvantages of social relations: Your child must have great difficulty interacting with others.
  • Verbal and non-verbal communication deficits: There must be clear boundaries between spoken and non-verbal communication.
  • Restricted, repetitive patterns of behavior: This can include many hobbies or repetitive tasks.

#Goodbye #Social #Security #Checks #Thousands #Americans #Year #List #Affected

Leave a Reply

Your email address will not be published. Required fields are marked *