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NewsTranscript
00:00Here's a simplified one-paragraph version of the news.
00:02The Social Security Administration has officially approved $3,100 direct payments for people receiving Social Security, SSI, SSDI, and VA benefits.
00:15This one-time payment is meant to help cover rising living costs and will not affect other benefits like Medicaid or SNAP.
00:22Most people don't need to do anything to get the money.
00:25It will be sent the same way regular benefits are received.
00:28Direct deposits have already started and checks will be mailed out next week.
00:33The payment is tax-free and won't count as income.
00:36This move is part of a nationwide effort to provide fast financial relief, and experts say it could help both individuals and the overall economy.