$200 Raise + $1,400 4th Stimulus Check: Social Security, SSDI, SSI, Low Income In 2024??
Published: Sep 02, 2024
Duration: 00:09:32
Category: People & Blogs
Trending searches: social security cola increase
in today's video I'm going to be discussing two very important topics including a $200 per month raise and a $1,400 fourth stimulus check specifically focused on Social Security including but not limited to Social Security retirement disability SSDI survivors spousal SSI VA rrb low-income no income seniors older adults and of course people with disabilities that's the focus of this video let's get into it and talk through all the details all right now these two topics I just mentioned a second ago are by far the most popular and common questions that I received Down Below in the comment section from some of you here in the community and the people that watch the videos right here on the channel which is exactly why I want to focus on them for you here in the video I want to give you the details as far as where we currently stand on the $200 per month race and of course the oneoff $1,400 forth stimulus check right now in 2024 and again I wanted to discuss all the other details including uh another question that I get all the time which is can we we get both of these at the same time the simple answer on that one is yes but more details on that in just a minute there's a lot to talk about here and we all know this year 2024 has been very weird we're not even that far into the year so far a handful of months here but seriously it is pretty weird a lot of things are happening and again things are unraveling not necessarily in a good way and as I've been saying for many months now is only going to get more intense and even more dramatic the closer and closer we get to November and uh it's already getting to be that way right if you've been watching some of the things that are going on right now it's uh kind of weird out there either way I'm here for way I possibly can be and again I want to break down the details of this as this is like I said questions concerns things like this that I get literally daily Down Below in the comment section and on the live streams that we've been hosting lately again these questions come up time and time again and I want to do whatever I can to help you out all right so let's talk through the details really really fast before we do thanks for joining me if you have not done so yet do yourself a huge huge favor subscribe down below totally free to do so there's a big subscribe button down there hit that so you don't miss any videos going forward I'm here for you every single day advocating on your behalf doing all the research and breaking it all down into these short videos doing anything I can to keep you posted on what's going on anything popping up you can grab or take advantage of and anything that may uh impact your benefit raises to benefits changes to the program reform anything like that it's a busy time lot of stuff going on also feel free to share the video with your friends on social media with the share button down below all right thank you so much let's talk talk to you the details all right so first off number one is the $200 per month raise now this is 100% different than a $1400 for a stimulus day now these two programs are two very very different things they don't even relate they have nothing to do with one another okay so first off that question that I said earlier with the simple answer of could you get both of these at the same time the simple answer is yes 100% you could why cuz they're not even related they're totally totally different things they achieve different OB objectives okay so first off the $200 raise this was uh introduced in the Social Security expansion Act Right you've heard me talk about that one before in another videos I've given you dedicated videos talking about that piece of legislation and everything you need to know about it but basically here's what they want to do they want to raise benefits from Millions upon millions of beneficiaries by $200 a month basically for the next 75 years essentially out until the end of the century I think that would cover all of us I'm just saying okay I think we all know uh what that means right but you get my point here okay that's what they want to do about this which by the way $200 a month is obviously $2,400 more per year for all beneficiaries now here's the thing I've seen multiple iterations of this being talked about now there was one iteration that was introduced which was a $200 raise to everybody and then that's basically it for the next 75 years okay there's more to the uh more to the legislation than that but that's the kind of the detail we want to know about it now I've seen other iterations or basically people coming out suggesting well maybe we could offer it just to the low-income people we shouldn't H offer it to higher inome people and again there's a whole other discussion about that which you know that kind of does make some sense why would we give it to everybody why would we just focus it on the lowest income beneficiaries or maybe those people receiving say under I don't know two grand a month or something like that again I don't know I'm just simply making up some numbers here but basically I've seen that out there in the headlines as well see people uh people talking about and saying this is a great proposal but it shouldn't be going to everybody cuz not everybody really needs the extra 200 but rather just the lowest income people now my rebuttal to that really quickly would be okay the $200 was originally introduced way back in March of 2020 uh that's over four years ago okay uh so as a result of that why is it still 200 um maybe they missed the boat on this but um I'm pretty sure the last couple years here inflation has been through the roof so I think 200 is kind of like a little behind guys I'm I'm sorry but maybe that 200 should be more like 300 or 350 or I don't know maybe just around 400 more right and especially the detail is too if they wouldn't be giving this to higher income people then maybe again they could jack that number up a little bit 250 300 350 maybe 400 something like that and again highly focused it would do a lot of good for a lot of beneficiaries all right so that's the the $200 raise and again I'm going to talk about that more here in just a second but let's quickly talk about a $1,400 stimulus check now again this is totally 100% different the distribution of stimulus checks is to stimulate the economy you've heard me say that many times before in other videos it has nothing to do with Social Security it has nothing to do with raising benefits it is simply a stimulant of the economy that's literally it hey the the economy is not doing so great let's give it a little stimulus and boom there goes a couple hundred billion dollars or there goes a trillion dollars let's out in the form of stimulus check so that is literally what stimulus checks are for is to stimulate the economy when it is down okay so as of right now it's all predicated on the economy I know you don't want to hear that well that's what I'm telling you because that is the truth that is really what it comes down to in the event of another stimulus check coming out again we got to continue watching the economy that's literally all comes out to when we see the economy you know just going down the tubes you know worse than we're already seeing here um that is when we'll see likely the printing of money and the distribution of stimulus checks okay so of course we'll need to continue watching that one and again I'm watching it all very closely I'm watching all the economic data that's coming out on a monthly basis and again I'm just continuing to compile all that information and just watching it all to see where we're currently sitting and the political picture honestly is maybe not like the best thing that's going on for the economy right there's a lot of uncertainty do we like uncertainty no not really do we uh as a whole and do business you know do do businesses and the markets and all things like this do we all like uncertainty that's not really how economies grow right it's through uncertainty not really most people like uh certainty and that's usually where we feel confident in spending money and stuff like like that so again we're seeing an e economic contraction it's not super aggressive yet but um yeah we're kind of getting there okay all right so now let's roll this all together as just one little package here okay can you potentially get a $200 per month raise and a $1,400 stimulus check at the same time the simple answer is yes 100% you could why CU again they're totally different things these are not related whatsoever okay think of it this way a $200 per month raise to Social Security benefits would be coming right out of the trust fund this would be coming out payroll taxes um you know for Social Security beneficiaries a $1400 stimulus check it literally comes out of nowhere it comes out of them printing a bunch of money and then they just say hey look we just printed a whole bunch of money does anybody want some and then basically just send it out in the form of stimulus so that's what it comes down to so as of right now now obviously I want to be very clear with this I've said this before in other videos I always always always make this very very clear as of right now no the $200 per month race has not been passed yet a $1,400 stimulus check has not not been passed yet either uh as of right now but again a lot of things can happen relatively quickly when we have enough lawmakers on board to get something done believe it or not they actually movey pretty quick they can get things done I know I sound like a fool saying that but seriously it's true okay if they actually all agree or at least a simple majority of them agree on the same thing they can pass legislation very very fast we've seen it happen before the last couple years they've done essentially nothing uh but we can see these things done okay so anyway this is what it comes down to and uh this what we're continuously watching and again at the same time these would be very very influential these would be very very life-changing for a lot of people if we got either or both of them both of them obviously it'd be like a total gravy train for everybody right that'd be awesome so anyway of course I'm going to continue watching them I hope this answers the questions for those of you that are asking and uh they keep coming up but again I'll keep you posted I'm here for you every single day have been for years and years and years if you don't believe me go back and look at the videos here uh you'll see my track record every single day I'm here for you rain or shine holiday or not every single day I have not missed a day in Years anyway please subscribe down below if you haven't done so yet I'm here for you no matter what advocating on your behalf doing all the research you don't need to share the video with your friends on my social media again totally free to do so share button down below go back and check out the other videos here on the channel including the thousands individual library or the ones I've hand selected for you down below in the comment section or uh in the description as well check those out and I'll catch you again later in