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Seniors’ Group Calls for Another Round of $1,400 Stimulus Checks for Social Security Recipients

With an anticipated 6% jump next year over the current 1.3% Social Security cost-of-living adjustment (COLA), a nonprofit senior citizens group insists that still won’t be enough to keep pace with rising costs elsewhere.

As a result, the Senior Citizens League is asking that a fourth stimulus check for $1,400 be provided immediately for seniors on Social Security, CNBC reported.

In a letter sent to members of both the House and Senate this week, the league said a special stimulus for Social Security recipients “could help defray the higher costs some would face if next year’s COLA bumps them into a higher tax bracket, causing higher tax rates on their income and surcharges to their Medicare Part B premiums,” CNBC reported.

Along with the one-time $1,400 payments, the group is also advocating changes in how the annual COLA is calculated.

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