Social Security getting its own debit card
It's nice to know that we can rely on the federal government to be right on the cutting edge of technology -- a decade after it was the cutting edge...
On Friday, the Treasury Department announced that it would begin offering the option of providing monthly Social Security payments on special Social Security debit cards, hoping that millions of senior citizens without bank accounts. In addition, officials estimate that every recipient used the card instead of receiving checks, it would save taxpayers $44 million per year.
Keeping low-income Social Security recipients out of the hands of check cashers is incredibly important and, if properly advertised, this should play a key role in doing that.
The only question is: What took our wonderful public servants so long to do this?