Support Marketplace

Gov't benefits get digitized

This final note today, from the Marketplace Desk of, well, I guess you gotta draw the line somewhere. The Treasury Department issued new rules today on government benefit payments. As of March 1st, 2013, all those payments -- things like Social Security and veterans' benefits -- will be paperless. Direct Deposit or debit card only.

Treasury says it'll save a billion dollars a year on printing and postage. There are some exceptions -- one of which is for people over 90 and might not get the new technology. They can keep getting plain old checks. But people who're 88, 89? Gotta adapt.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...