Sandy leaves some Social Security recipients high and dry
Posted on 05 November 2012
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/sandy-leaves-some-social-security-recipients-high-and-dry
Disrupted mail service is not at the top of the list of problems facing superstorm Sandy’s victims – unless you are a senior counting on the post office to deliver a monthly Social Security check.
Most Social Security benefits, which account for more than half of total income for nearly two-thirds of people aged 65 and above, are paid on the third of each month. This month, the payments were made on November 2, because the third fell on a Saturday. That means those payments were made just as the U.S. Postal Service was struggling to restore service around the tri-state area of New York, New Jersey and Connecticut. A USPS spokesman said the situation still varies dramatically around the region.
Social Security payments are made mostly on an electronic basis these days, but a good number of recipients still collect theirs from their mailboxes every month.
More on how beneficiaries depending on paper checks can receive them at Reuters Money.
