If you’re looking for your unemployment or social security check, don’t bother waiting by the mailbox. Your check won’t be in there. That’s because the government will now pay consumers electronically via direct deposit instead of paper check for all benefits payments.
The changes, which are expected to begin next March, have come about in an attempt by the Department of the Treasury to eliminate wasteful practices, save money, and modernize government. The Department of the Treasury estimates that it will save $300 million during the first five years and more than $120 million each year after that.
While government payments such as unemployment and social security will be
tom-banner ampforwp-incontent-ad3">For more information, visit the Office of Management and Budget Website.
Sheiresa Ngo is the consumer affairs editor at Black Enterprise.