Social Security Beneficiaries Will Receive Two Checks in September

Veronica Charnell Media

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Some critics said Social Security Beneficiaries should not get excited about the additional check in September

Imagine you contributed to the United States economy by working for over 30 plus years. Now you have retired, and you are eligible to receive Social Security Benefits, it is not enough for you to eat and pay your bills. This is the shocking reality for a lot of senior citizens, disabled, blind, and elderly community

Supplemental Security Income beneficiaries will get two checks in September, for a maximum sum of $1,682. Beneficiaries should not get excited about receiving a second check. The reason for an additional check is due to bank holidays that push up the date of the distribution for payments. Unfortunately, in October, Social Security beneficiaries will not be receiving a check.

Overseeing money for the 8 million beneficiaries who rely on SSI benefits is not an easy job. The program has strict asset and income rules, many of which have not been updated since the program was created in 1972.

Social Security Benefits are not enough:

According to Urban Institute, most of the program's beneficiaries are within 150% of the federal poverty level. Because some states may supplement SSI, that may help some beneficiaries get above the federal poverty level, according to Richard Johnson, director of the program on retirement policy at the Urban Institute. Many beneficiaries struggle financially. "SSI just provides a bare-bones support for older people and people with disabilities," Johnson said. "It highlights how little support we provide for the most vulnerable Americans."

Do Social Security needs to be reformed?

This spring, the two U.S. senators from Ohio — Democrat Sherrod Brown and Republican Rob Portman — introduced a bill that would let beneficiaries set more money aside without jeopardizing their eligibility for benefits. The proposal has also gained support on both sides of the aisle. That includes Sen. Ron Wyden, D-Ore., chair of the Senate Finance Committee, who has vowed to push for progress on it this year. Advocates believe it is time to modernize the Social Security program.

"I want to do much, much more," Brown said of SSI reform in an interview with CNBC.com in May.

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