Seniors to Start Receiving $250 Economic-Recovery Payments

The federal government made 24 million older Americans $250 richer on May 7 -- a single-day, $6-billion mainline injection into the economy. And about 30 million more seniors will get a similar boost to their personal economies by the end of the month.

The Social Security Administration says that on Thursday issued nearly half of the more than 52 million stimulus payments that are going to Social Security and Supplemental Security Income (SSI) beneficiaries. Identical $250 payments will go to those who receive U.S. Department of Veterans Affairs pensions and Railroad Retirement benefits. Kiplinger article