A lot of people are wondering whether 2011 will yield some sort of stimulus check that have been implemented in recent years due to the degradation of the American economy. Rumors have been swirling like crazy about a $250 social security stimulus checks for 2011.
The circulation of such rumors probably originated as a result of the $250 social security stimulus checks for 2011 that were given to social security recipients back in 2009. And the President did propose the similar idea of $250 social security stimulus checks for 2011 back in the year 2010. Unfortunately, however, that never went anywhere.
The Government has made it clear that the increase in cost of living would be zero, considering the fact that inflation is low enough that such an increase would not need implementation.
The average retiree is given around $1,150 each month by social security. It also accounts for 40 percent of the income for elderly people, not to mention 20% of married couples that are slightly older and 40 percent of single old people who rely on it as 90 percent of their entire income.
Though the cancellation of the $250 social security stimulus checks for 2011 was cancelled because of low inflation rates back in 2010, the seniors of America are starting to feel the adverse effects already. A lot people believe that the continuation of the $250 stimulus check would have been a good idea, since it would be spent as soon as the recipients got the checks at hand.
While it is true that a lot of seniors could survive without the additional $250, there are seniors in the millions who could really use the money for medical costs and such. Instead of tax cuts for the wealthier section of society, Congress would have been better off if they continued with the $250 social security stimulus checks for 2011.