$250 Stimulus Check in 2012 for Social Security Recipients

by Mike Holman

Life nowadays has become harder and harder every day. Many are unemployed, the crime rate keeps on increasing everywhere, many people experience hunger and different forms of sufferings, and the worst part is that no matter how much you want to work harder, it seems jobs are too few and cannot accommodate all of the world’s huge population.

Will there be a Social Security $250 Stimulus Check in 2013?

A $250 stimulus check in 2012 for social security recipients is a not a sure thing at present.  The last time this check was issued, it was supposed to make up for the fact that there was no cost of living raise for Social Security recipients.  Given that the SS payments are going up 3.6% in 2012, it doesn’t make a lot of sense to pay this check out.

Learn how to calculate the 3.6% Social Security raise.

It would be nice to get some extra money, but given the large debts of the U.S. government, it is very unlikely that any stimulus check will be issued.

Previous stimulus checks

In 2008, a $600 stimulus check was paid out to most taxpayers in an effort to boost the economy by getting more cash into the hands of people likely to spend it.

In 2009, a $250 stimulus check was sent to all recipients of Social Security (retired people) and SSI (Supplemental Security Income) for disabled people.

 

 

 

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