Marketplace®

Daily business news and economic stories

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…

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.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    6 hours ago
    25:25
  • Make Me Smart
    10 hours ago
    52:42
  • Marketplace Morning Report
    14 hours ago
    6:38
  • Marketplace Tech
    19 hours ago
    4:27
  • This Is Uncomfortable
    8 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45