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Gainesville Social Security Recipients Wait For 2010 Stimulus Check

Those in Gainesville who are collecting Social Secuity or SSI are waiting for their 2010 stimulus check. This additional money will put a smile on the faces of retireers and the disabled who are collecting social security benefits.

Social Security recipients in Gainesville and elsewhere will receive a stimulus check in the same manner they received their benefits. Those who have their money direct deposited will find an extra amount in their account at some point.

This check apparently will be in replacement of the annual cost of living adjustment or COLA. Anyone currently receiving a social security check is eligible for this stimulus. This includes those on disability and veterans.

The average person receives approximately $1150 a month. On a montly breakdown, the $250 would amount to $20.83 per month. The average cost of living raise was between 2 or 3 percent.

It is hoped that the extra $250 will be spent to bolster the economy. Twenty dollars per month doesn't seem like a great deal of money, but no retiree will turn it down. In fact, it will likely be spent in two months or less on the higher cost of utilities.

The estimated amount of money being spent for this stimulus is approximately 13 billion dollars. This seems like a lot of money but the bailout was 800 billion. This is a small worry for those who are struggling and waiting for their $250 stimulus check.

Comments

  • Roberta Baxter 4 years ago

    Most senior people, like you aptly said, will not be spending it on anything but bills. That is where mine is going. TX for this well presented report. Eugene, Oregon Dogs Examiner

  • Pat Anthony, Charlotte Healthy Living Examiner 4 years ago

    I think they should bring all seniors and disabled up to the poverty level. Who can survive on that 1150 a month.

  • Erica 4 years ago

    There is a misspelling in the headline.....

  • charles king 4 years ago

    We all need money....america and its system of government is broken and in serious debt, the poltician did it, Why. The stimulus checks are just more dedt for the american taxs payers. What a mess.

  • Jo 4 years ago

    my disability check is only 674.00 a month... we are suppose to live off that... my question is how???

  • Joyce Geyer, Buffalo Breast Cancer Examiner 4 years ago

    Hi Pam: We here in New York State we are still waiting for the 2010 Stimulus Check. I wonder if we will even receive this? Great article, and thank you!

  • K. Wilkerson - Lansing School Rankings Examiner 4 years ago

    Very well written, thought out article.
    Kristen

  • Anonymous 4 years ago

    vwery good article, unfortunately, it is entirely wrong. The only people whoi will get the $250.00 are the people who have Medicare, and do not get any extra help from the state such as medicaid. The only ones who will get this are the pewople who reach the "donut hole" on how much they spend on their medicati0on. Once you reach the catastrophic amount is when you will get the 250. People who onlu\y have Medicaid will get nothing.