3 Things Social Security Recipients Need to Know About Second Stimulus Checks

As the COVID-19 pandemic rages on, millions of Americans are experiencing financial hardship. Around 18% of U.S. adults are behind on their rent, according to research from the Center on Budget and Policy Priorities, and 34% say they're having trouble affording household necessities.

Now, with government aid under the CARES Act set to expire at the end of December, millions of Americans are banking on more stimulus money for relief. Social Security recipients may also be eager for a second stimulus check. Retirees could see their savings take a hit if the market crashes again, and a little extra money in the bank never hurts.

Although there's no stimulus deal yet, here are a few things Social Security beneficiaries should know about the possibility of a second round of checks.

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Source Fool.com