NEW Social Security INCREASE Update | SSA SSI SSDI Benefits (MUST WATCH)

increase in Social Security benefits and the time to act is now yes you heard it right Social Security recipients need more money we have some very important details in this video but first you need to watch this time to act is now yes Social Security as everyone knows is the nation's number one insurance program and impacts every American here's the reality Social Security benefits have not been expanded in over 50 years wow let me repeat that in over 50 years Congress through Democratic and Republican administrations has not expanded Social Security Yes you heard it absolutely right in over 50 years Congress has not done anything at all for Social Security recipients the inflation is up and Social Security re need some sort of support as soon as possible remember when it comes to the increas in benefits we have a really important update and if you want to know then look at this social security benefits likely to go up in 2025 means just couple of months from now based on inflation and what you need to know well we are going to tell you each and everything about this massive development but one thing that you need to remember remember that Social Security recipients are struggling right now in this worst inflation where the prices of grocery are up 21% and the expected increase is very less yes we are going to give you the numbers and the details but before we get into the details I would like to ask you for a little favor to please smash the like button right now as it helps this video reach to the wider audience well remember that the video clip that we have showed at the beginning of the video we are going to show you this entire clip and this clip stunned the whole Social Security Community as well as the Congress as well because this hearing was very important when it comes to the well-being of millions means close to 70 million Social Security SSI SSDI Veteran Affairs and disability benefit recipients if you receive any of these benefits then watch this video till the end because this video will certainly give you the information that you need to know right now so let's get into the details of the update and see what do we have for you Social Security benefits likely to go up in 2025 based on inflation and what you need to know going into the details we've got two more months of inflation data to go but right now some estimates that social security benefits could see at 2.57% let us repeat it 2 57% hike for the cost of living adjustment in 2025 so listen to this and you need to know that what's happening right here according to a recent report the prices of grocery are up 21% and the increase that you are about to get in your benefits is close to 2.57% now you know that why these benefits needs to change as soon as possible because there is not a single change made in the benefits for over 50 years and this is indeed quite painful to see when it comes to the election all the leaders come onto the stage and say that we care about social security well if you really care about social security then do something about it you need to change the metric that measures the Social Security increase every single year that is Cola based on CPI W they need to change it to CPE and that's what John lson is proposing right now he's saying that this metric needs to change and it should be according to the inflation let us know in the comments below what do you think about this whole situation let's go towards more details and see what do we have some retirees might be looking at an extra $47 as you heard it right just $47 or so a month beginning in 2025 if they receive the average benefit of around $1,840 a month but remember that would be before any increase in Medicare Part B premium which would be announced later in 2024 it wouldn't be a huge gain as inflation has been cooling off in the past year and if that estimate proves correct the cost of living adjustment hike would be down slightly from a 3.2% boost to benefits for more than 71 million people in 2024 so the question is that more data will be needed for final inflation adjustment yes it does the latest inflation numbers for July offers the first clue when it comes to forecasting the Social Security Cola calculations for 2025 the senior citizen league on nonpartisan advocacy group issued the 2.57% estimated shortly after the July inflation data was released by the US Bureau of Labor Statistics on August the 14th you heard it right if you remember that is the same PSL the senior citizen League which proposed and started a petition of a $1,400 onetime targeted stimulus check for Social Security recipients if you support that then write in the comment section I support $1,400 Check Yes you heard it right if you support it then write in the comment section I support $1,400 check well now it's time to show you this very important clip from Social Security hearing which literally shocked the entire Social Security community of 71 million people at the same time the Social Security Administration and the federal government as well so let's watch it then we'll come back and break it down for you and while I may have preferred a more comprehensive Bill we must not let the perfect as the saying goes become the enemy of the good absolutely time to act is now is now Social Security as everyone knows is the nation's number one and insurance program and impacts every American close to 7 million people Social Security benefits have not been expanded in over 50 years such a shame let me repeat that in over 50 years Congress through Democratic and Republican administrations has not expanded Social Security absolutely 5 million seniors are living in poverty in the wealthiest nation in the world let's be clear this is not something that the president can do through executive order or something that the Supreme Court will adjudicate it's the responsibility of the Congress and that responsibility starts with this committee and the time to act is now yes you you heard it right the time to act is now we give billions of dollars to other nations so they can live a prosperous life while our own people American people are struggling and starving at the same time and how shameful it is to see that our seniors what we claim that we care the most about they are struggling they're starving they're unable to pay rent unable to pay for basic necessities because their benefits have not been changed in over 50 years let us know in the comments below what do you think about this whole situation and yes indeed the time to act is now well if you're new to the channel then let us tell you that on credit viral Channel we give you each and every update about social security SSI SSDI Veteran Affairs real retirement disability food stems and all federal and state benefits which will allow you to get more money for yourself and your loved ones if you're interested in it then make sure you click on the sub subribe button right now and click on the Bell icon so that's how you'll be able to get the notifications of our videos every single day so thank you so much for all of your love and support if you have any questions let us know in the comments below and we will be happy to answer each and every question of yours we will see you in the next video very very soon till then please take care and have a nice day