Skip to Content

$250 checks sent to seniors on Thursday

More
Text SizeAAA

Filed under: Retire, Recession, Stimulate US

Starting Thursday, millions of grandparents and retirees will see a $250 raise to their usual Social Security funds. The months long wait for stimulus payments for seniors, as part of the stimulus bill passed February, is now over, CNN reports. Nearly 55 million seniors and retirees will receive the $250 one-time payment between now and June 4, 2009. Most of the checks have been sent out this week. Payment will either be received as a separate check, in addition to Social Security payments, or appear in accounts as a direct deposit.
Embedded video from CNN Video

In addition to going out to Social Security and SSI recipients, stimulus money is also being sent to railroad retirees and disabled veterans.

According to government estimates, 64 million Americans will receive stimulus money this year. The total cost to the federal budget will be around $13 billion. The $250 payments are the largest going out to individual Americans, CNN points out. Only time will tell if these infusions of money will show up as economic relief. Please tell us in the comments section how you plan to spend your $250 stimulus money?

Subscribe to Walletpop

Reader Comments (Page 1 of 58)

Featured Sponsor

Will you spend as wisely as you save?

If a 65-year old couple retires today, how much savings may they need now to cover future health care costs?



Ideas for Setting a Memorable and Beautiful Dinner Table
A dinner party is a perfect opportunity to show off your personal style, taste, and flair for ...
Readers' Choice Awards for Best in Winter Travel
Do you know of a cruise line that offers everything from beautiful accommodations to great dining, ...

Ask Me About Retirement

Dan Solin

Do you have a question about retirement? Ask our retirement expert Dan Solin.

Tom Barlow
Tom Barlow Filed under: Entrepreneurship, Green

Renting out goats -- a great green business idea

Looking for a job in the great outdoors? Love animals? Like money? Then you might take a look at a growing new business in the U.S. -- renting out animals to clear troublesome brush. The goat herd ...
Julia Scott
Julia Scott Filed under: Bargain Babe

$5 magazine sale at Amazon

Here is another great last-minute gift: a magazine subscription. Amazon has a slew of mags for just $5 for a year, including: Sunset Health Golf Essence Southern Living This Old House ...
Madhusmita Bora
Madhusmita Bora Filed under: Technology, Transportation

WiFi to soon debut in Ford cars

You may soon be able to tweet, google and skype from the back seat of your car. Ford announced that some of its 2010 models would carry WiFi capability. This means that passengers (and hopefully ...
Julia Scott
Julia Scott Filed under: Shopping, Bargain Babe

Best places to do all your shopping, pronto

If I had to do ALL my Christmas shopping say, now, I would chose one of the following stores to do the deed. No driving around to a dozen stores, no braving the mall. And for the record, I swear this ...

Retirement Basics

Retirement Basics

Should I Convert My IRA to a Roth IRA?

$
$

Headlines from WalletPop Partners

Ideas for Setting a Memorable and Beautiful Dinner Table
A dinner party is a perfect opportunity to show off your personal style, taste, and flair for ...
Readers' Choice Awards for Best in Winter Travel
Do you know of a cruise line that offers everything from beautiful accommodations to great dining, ...
Learn More»