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Senior Stimulus: How an Additional $1,400 Check Could Help Social Security Recipients Afford Rising Grocery Costs

GOBankingRates
GOBankingRates
 2021-12-16
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The Senior Citizens League (TSCL), one of the largest nonpartisan senior citizens advocacy groups, currently has a petition to garner support and attention for an emergency $1,400 stimulus check to cope with unprecedented inflation.

Stimulus Update: Petition for a Fourth Stimulus, State Economic Boosts, Golden State Checks & Child Tax Credits
Social Security: Grocery Store Shortages Comparable to 2020 — Are You Prepared for Lack of Supply During the Holidays?

The petition reads: “I (and/or my spouse) want Social Security recipients to receive a $1,400.00 emergency stimulus check to cope during this unprecedented inflationary year. Social Security benefits are one of the few types of income in retirement adjusted for inflation.”

Among the arguments in the petition is that the COLA increases are not suitable enough for seniors living on a fixed income with the 5% inflation surge experienced over the past 13 months. The petition adds, “In 2021 Social Security benefits increased by just 1.3% raising the average benefit by only about $20 a month. But about 86% of Social Security recipients surveyed say their expenses increased by much more than that amount.”

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One of the sectors that has experienced the greatest increase in prices is the meat industry . Although overall inflation has come in around 5%, prices for chicken have increased 7.2%, pork prices are up 9% and prices for ground beef are nearly up a whopping 13% from last year.

A $1,400 check could help senior citizens afford groceries on an already tight fixed income. Roughly 25% of low-income seniors reported food insecurity, according to SNAP research.

See: Surging Meat Prices Could Cost You Hundreds This Year — Can You Afford It?
Find: Could the US Benefit From Another Stimulus Check?

Social Security recipients are expected to receive a 6% COLA increase in 2022 — one of the largest on record — but rising inflation and Medicare costs are thought to eat away at most of it. A fourth stimulus check could help struggling seniors recover from a year of surging prices and supply chain blockages that are still hurting the prospect of recovery for basic grocery items.

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This article originally appeared on GOBankingRates.com : Senior Stimulus: How an Additional $1,400 Check Could Help Social Security Recipients Afford Rising Grocery Costs

Comments / 1611

Laura Robertson
09-28

The rest of the world should try to live on 67 or $1200 a month to pay all your bills and buy all your groceries it’s not easy and we have to struggle and yes the children should have extra but on the other hand should we do without

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Brenda Anthony
09-29

I live on 814$ a month buy my meds, pay my bills and my electric bill gas bill water bill in God's name what is left for food we people on Scocial security and disability really do need more money. Will you please help us to feed ourselves and live in dignity

Reply(84)
456
McGee
09-28

I have to live on it. and its getting to the point of starting to ch oose food, prescriptions, or utilities. and their calling for a cold snowy winter. I'm trying to figure out how to pay the heating this winter.

Reply(32)
238

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