Listen To The Story
Marketplace

TEXT OF STORY

Bill Radke: Starting today, the Social Security Administration will be adding a little something extra to the checks it sends out. As Marketplace's Steve Henn reports, it's all part of the government stimulus plan passed last winter.


Steve Henn: This month, 50 million retirees will get a one-time $250 bonus in their government check. If you are married, you can expect $500. And it doesn't matter how much you make. Even Warren Buffet will get this tax-fee perk, too. Retired government workers who don't receive Social Security will get a one-time $250 tax credit instead.

It's all part of the stimulus plan that passed last February. The Social Security Administration says these checks will inject $13 billion into the economy quickly.

Economists say retirees living on fixed incomes are likely spend the extra money quickly, and provide a shot in the arm for the economy.

In Washington I'm Steve Henn for Marketplace.

Don’t miss out! Right now, you can get the brand new Marketplace “Liquid assets” water bottle as your thank-you gift when you give just $5/month. This is a limited opportunity, so don’t delay — become a Marketplace Investor TODAY!