Shocking U-Turn: Social Security Paper Checks Saved – Trump’s Stimulus Check Hype Debunked, Stocks Soar
What’s Behind the Paper-Check Change? In March 2025 President Trump signed an executive order (EO 14247) directing agencies to “eliminate physical payments…to the extent permitted by law” kiplinger.com. By late summer, Treasury and SSA announced a Sept. 30 deadline to switch benefit checks to direct deposit or Treasury’s prepaid Direct Express card ssa.gov home.treasury.gov. The goal: save taxpayer money and speed payments. As Treasury put it, digital transfers “are safer, faster, and far more efficient” home.treasury.gov. (In fact, each mailed check costs about 50¢ to produce vs 15¢ electronically hindustantimes.com.) SSA encouraged beneficiaries to enroll in direct deposit via their “my Social