March’s Social Security direct payment of $943 will be sent out in one week
Millions of Beneficiaries to Receive Supplemental Security Income Payment
In just one week, the eagerly awaited Supplemental Security Income (SSI) payment for March will be distributed to individuals who face significant challenges due to a debilitating disability and limited income. This payment, which can reach up to $943 for individual filers, will be sent out on Friday, March 1, as confirmed by the Social Security Administration.
Qualifying for SSI Payments
To be eligible for SSI payments, individuals must either be partially or totally blind or have physical or mental conditions that severely restrict their daily activities for a minimum of 12 months or more, or potentially lead to death.
Maximum Amounts Based on Filing Category
The maximum amount each filer can receive depends on their filing category. There are three options: individual, joint, or as an essential person.
- Individual filers can receive up to $943 per month.
- Couples who filed jointly can receive up to $1,415 per month.
- Essential persons, who provide necessary care to those receiving SSI payments, can receive up to $472 per month.
These amounts have increased by 3.2% from 2023 due to inflation.
Additional Support for Essential Persons
The essential person category is specifically designed for individuals who live with SSI recipients and offer them vital care.
It’s important to note that these payments are provided in addition to regular Social Security benefits. However, not all recipients will receive the maximum amount. Filers can use the SSA’s calculator to obtain a personalized estimate.
For more information, click here to read the full article from The Washington Examiner.
How does investor behavior change during a bear market?
In the stock market, a bear market refers to a prolonged period of declining prices, generally accompanied by negative investor sentiment and a general pessimistic outlook on the economy. During a bear market, stock prices typically fall by at least 20% from recent highs.
Bear markets can be caused by a variety of factors, such as economic recessions, geopolitical tensions, or negative news events. They can also be triggered by investor panic or a correction after an extended period of bullishness.
During a bear market, investors may be hesitant to buy stocks, resulting in decreased trading activity and lower market volumes. Many investors may also choose to sell their holdings during a bear market, further contributing to the downward pressure on prices.
Investors who anticipate a bear market may choose to employ certain strategies to protect their portfolios. Some common strategies include reducing stock exposure by moving into more defensive assets like bonds or cash, hedging their positions using options or short-selling, or investing in sectors that are less affected by the economic downturn.
Bear markets can be challenging for investors, as they can lead to significant losses and can last for an extended period of time. However, they can also present opportunities for long-term investors to buy stocks at discounted prices and potentially reap gains when the market eventually recovers.
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