The U.S. government shut down at midnight on Oct. 1 due to a lack of agreement in Washington D.C. This ongoing shutdown affects many services and jobs. Social Security, which provides benefits to around 69 million Americans, will continue to be paid during the shutdown as it is considered mandatory. However, delays may occur in contacting Social Security offices or signing up for benefits. The announcement of the 2026 cost-of-living adjustment for Social Security may also be delayed. Other services that will continue during the shutdown include Medicare, Medicaid, and the U.S. Postal Service.

Investors may be wondering about the impact of the shutdown. Past shutdowns have not caused major market moves, but an extended shutdown could lead to more job seekers and potentially increase the likelihood of a recession. However, history shows that the stock market and economy have always recovered from recessions. Keeping up with the news is important, as a government shutdown may have varying effects. Consider maximizing your Social Security benefits to ensure a boost in retirement income.

Read more at Nasdaq: Do Social Security Benefits Stop During a Government Shutdown?