💰Good News Social Security Increase Announced! Social Security Checks Going Up?

Introduction: Upcoming Social Security Increase discussing $2,000 monthly checks for the low income and how this is by far the welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly check specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking How COLA Is Determined about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet The Latest Inflation Data can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs Potential COLA Estimate: What to Expect a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not Real Dollar Impact: How Much Will You Get? 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 20120 we got two checks then $2600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really low income this encompasses about 50 million maybe 100 million people tops that's it it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 22 say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time Ongoing Inflation Trends but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between two and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity What's Next: Upcoming Data Points to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high-income people have a low MPC in other words if you give a high income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's Final Thoughts: Preparing for the Increase literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not Outro: Stay Tuned for More Updates spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $22,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is ex ly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps two 3 four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $22,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video using the share button below and check out any of the other thousands of videos on the channel including those hands selected for you in the description or at the top of the comment section you'll also see some videos popping up on your screen right now feel free to check those out as well thanks so much for watching and I'll catch you in the next video the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I toally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compared over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2 9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that how however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the new nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit raise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month If you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $11,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calcul ating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis mean meanwhile food prices were up 0.2% on a month-over-month basis and they continued to report food was up only 1.1% Year over-ear I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the col will be the good news is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video this is promising a $200 Social Security increase plus an additional $2,000 stimulus check including people on Social Security SSI SSDI VA beneficiaries and people on retirement rrb today in this video we have new information regarding the promising Bill and a new report if you have a lower or medium income you are more likely to receive the stimulus check if you are in this category it's worth looking at the details this money could be used for a variety of necessities and it's clear that the money would be put to Great use I have all the details right here in this video make sure to subscribe to our Channel and turn on all the Bell notifications let's get right into the details let's take a look at each of the proposals the potential for the stimulus check who could be included what type of stimulus check it could be when it might come out and why the government will be issuing it in this scenario also how much the stimulus money could be and when you might receive it we have all the details and I'll be breaking down all the questions and speculations right here in this video now in the event of a stimulus check the Federal Reserve looks at the economy to determine how much stimulus is needed to help people recover the money is then printed and pushed into the economy one thing to note the Federal Reserve provides stimulus money not out of kindness but because they know people will spend it which is the best way to get the economy up and running again the main intention is for the money to be quickly spent into the economy and not saved the government recognizes the importance of getting money into the economy quickly and efficiently if people save their stimulus checks they are not helping the economy as much as they could be the government wants the stimulus checks to be spent in different sectors of the economy such as groceries clothing and more spreading money throughout the entire economy and generating a positive impact many Studies have shown that stimulus checks are the best way to get money into the economy when it comes to the next round of stimulus checks the government thinks it's very important to spend the money on Necessities like groceries and clothes helping the economy and taking care of personal needs what does this mean for businesses when everyone gets the stimulus check they go out and spend it causing businesses like Walmart and Target to see a huge run on their inventory they then need to restock creating a chain effect that keeps everything going this stimulates the entire economy in a matter of weeks stimulus checks are an effective and quick way to impact businesses and people who need it most if the economic situation is similar to early 2020 the same criteria might be used for this round of stimulus checks it could be similar to the third stimulus check with amounts like $1,400 $1,200 $2,000 or $1,600 depending on eligibility and other factors previous rounds showed that individuals with adjusted gross income below $75,000 and married couples below $150,000 were eligible the main determin factor for eligibility is income with low-income individuals usually being the primary recipients Congress will ultimately decide the rules and eligibility criteria for the stimulus check but it's likely that low-income beneficiaries will receive it if approved previous rounds have been quick with payment distribution especially the second and third rounds reaching bank accounts within a week of approval delays usually happen due to missing information from the IRS in the event of another stimulus check approval fixed income beneficiaries will receive their checks once the bill is signed into law typically within a week this program is still under review but it looks promising if the $200 monthly increase is implemented for one year it would result in an additional $2,400 per beneficiary considering there are approximately 70 million beneficiaries across various programs the total cost to the federal government for one year would be $168 billion Distributing a $2,000 stimulus check to the same 70 million beneficiaries would cost $140 billion which suits your needs better $200 per month or a $2,000 onetime payment these numbers are estimates and depend on the proposed plans details the total cost for the $200 increase would require an additional $28 billion compared to the stimulus check one crucial aspect to consider is taxes while stimulus checks are generally non-t taxable Social Security benefits may be subject to taxation depending on your annual income a $2,000 stimulus check is not taxable and provides immediate funds while a $200 monthly increase could potentially be larger overall but may be taxable these differences have significant implications a $2,000 stimulus check is immediate and non-t taxable while a $200 monthly increase provides a smaller steady amount that could be taxable if your income exceeds certain thresholds so what are the key takeaways from this comparison the total cost to the federal government government for implementing the Social Security expansion act would be $168 billion per year while a one-time $2,000 stimulus check would cost around $140 billion in terms of cost the $200 increase would require an additional $28 billion however taxes play a crucial role stimulus checks have generally been non-t taxable in the past because they are considered refundable tax credits and not counted as income this means they don't affect other resources or result in additional taxes on the other hand a $200 monthly raise in Social Security benefits may be taxable depending on your annual income if your income exceeds $25,000 as an individual or $32,000 as a married couple your benefits may become taxable reducing the net gain from the raise examining the implications further a $2,000 lumpsum payment provides immediate non-taxable funds that can be quickly used for financial needs in contrast a $200 monthly benefit increase while offering a smaller apparent amount could result in larger overall benefits over time $2,400 per year however if your income is close to or exceeds the taxable threshold the tax implications might reduce your net gain in conclusion both options have their pros and cons a $2,000 stimulus check provides immediate non-t taxable relief whereas a $200 monthly increase offers ongoing support but may be taxable the best choice depends on individual circumstances including income levels and financial needs ultimately the decision will come down to what Congress determines is the best course of of action based on the economic situation and the needs of the population stay tuned for more updates and don't forget to subscribe to our channel for the latest information the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now comparing over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit rise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2. 6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in hire the bad news is that it could still come and lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video Welcome everyone in today's video I'm going to be disc discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly check specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $2600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefit benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 20 to say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between 2 and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high income people have a low MPC in other words if you give a high-income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in another video so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if some someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps 2 3 four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on Goods goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago is in a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video this is promising a $200 Social Security increase plus an additional $2,000 stimulus check including people on Social Security SSI SSDI VA beneficiaries and people on retirement are RB today in this video we have new information regarding the promising Bill and a new report if you have a lower or medium income you are more likely to receive the stimulus check if you are in this category it's worth looking at the details this money could be used for a variety of necessities and it's clear that the money would be put to Great use I have all the details right here in this video make sure to subscribe to our Channel and turn on all the Bell notifications let's get right into the details let's take a look at each of the proposals the potential for the stimulus check who could be included what type of stimulus check it could be when it might come out and why the government will be issuing it in this scenario also how much the stimulus money could be and when you might receive it we have all the details and I'll be breaking down all the questions and speculations right here in this video now in the event of a stimulus check the Federal Reserve looks at the economy to determine how much stimulus is needed to help people recover the money is then printed and pushed into the economy one thing to note the Federal Reserve provides stimulus money not out of kindness but because they know people will spend it which is the best way to get the economy up and running again the main intention is for the money to be quickly spent into the economy and not saved the government recognizes the importance of getting money into the economy quickly and efficiently if people save their stimulus checks they are not helping the economy as much as they could be the government wants the stimulus checks to be spent in different sectors of the economy such as groceries clothing and more spreading money throughout the entire economy and generating a positive impact many Studies have shown that stimulus checks are the best way to get money into the economy when it comes to the next round of stimulus checks the government thinks it's very important to spend the money on Necessities like groceries and clothes helping the economy and taking care of personal needs what does this mean for businesses when everyone gets the stimulus check they go out and spend it causing businesses like Walmart and Target to see a huge run on their inventory they then need to restock creating a chain effect that keeps everything going this stimulates the entire economy in a matter of weeks stimulus checks are an effective and quick way to impact businesses and people who need it most if the economic situation is similar to early 2020 the same criteria might be used for this round of stimulus checks it could be similar to the third stimulus check with amounts like $1,400 $1,200 $22,000 or $1,600 depending on eligibility and other factors previous rounds showed that individuals with adjusted gross income below $75,000 and married couples below $150,000 were eligible the main determining factor for eligibility is income with low-income individuals usually being the primary recipients Congress will ultimately decide the rules and eligibility criteria for the stimulus check but it's likely that lwi income beneficiaries will receive it if approved previous rounds have been quick with payment distribution especially the second and third rounds reaching bank accounts within a week of approval delays usually happen due to missing information from the IRS in the event of another stimulus check approval fixed income beneficiaries will receive their checks once the bill is signed into law typically within a week this program is still under review but it looks promising if the $200 monthly increase is implemented for one year it would result in an additional $2,400 per beneficiary considering there are approximately 70 million beneficiaries across various programs the total cost to the federal government for one year would be $168 billion Distributing a $2,000 stimulus check to the same 70 million beneficiaries would cost $140 billion which suits your needs better $200 per month or a $2,000 one-time payment these numbers are estimates and depend on the proposed pl's details the total cost for the $200 increase would require an additional $28 billion compared to the stimulus check one crucial aspect to consider is taxes while stimulus checks are generally non-t taxable Social Security benefits may be subject to taxation depending on your annual income a $22,000 stimulus check is not taxable and provides immediate funds while a $200 monthly increase could potentially be larger overall but may be taxable these differences have significant implications a $22,000 stimulus check is immediate and non-taxable while a $200 monthly increase provides a smaller steady amount that could be taxable if your income exceeds certain thresholds so what are the key takeaways from this comparison the total cost to the federal government for implementing the Social Security expansion act would be $168 billion per year while a one-time $2,000 stimulus check would cost around $140 billion in terms of cost the $200 increase would require an additional $28 billion however taxes play a crucial role stimulus checks have generally been non-t taxable in the past because they are considered refundable tax credits and not counted as income this means they don't affect other resources or result in additional taxes on the other hand a $200 monthly raise in Social Security benefits may be taxable depending on your annual income if your income exceeds $25,000 as an individual or $32,000 as a married couple your benefits may become taxable reducing the net gain from the raise examining the implications further a $2,000 lumpsum payment provides immediate non- taxable funds that can be quickly used for financial needs s in contrast a $200 monthly benefit increase while offering a smaller apparent amount could result in larger overall benefits over time $2,400 per year however if your income is close to or exceeds the taxable threshold the tax implications might reduce your net gain in conclusion both options have their pros and cons a $22,000 stimulus check provides immediate non-taxable relief whereas a $200 monthly increase offers ongoing support but may be taxable the best choice depends on individual circumstances including income levels and financial needs ultimately the decision will come down to what Congress determines is the best course of action based on the economic situation and the needs of the population stay tuned for more updates and don't forget to subscribe to our channel for the latest information welcome everyone in today's video I'm going to be discussing $22,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $22,000 monthly checks specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comments section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out on goinging monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified do amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 20 to say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between 2 and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high-income people have a low low MPC in other words if you give a high income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high PC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check with within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps two three four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you if you haven't already please subscribe down below it's totally free share the video using the share button below and check out any of the other thousands of videos on the channel thanks so much for watching and I'll catch you in the next video Welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this this is actually really good the study shows that sending out ongoing $2,000 monthly checks specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the deta details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button write down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $2600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 20 to say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between 2 and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high-income people have a low MPC in other words if you give a high income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other vide so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however me medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally lwi income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollar was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps 2 3 four or five months months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video hey I'm so glad you're joining me today let's talk about $648 extra on a monthly basis for Social Security including retirement disability SSDI survivors spousal and SSI beneficiaries that's the focus of this video so let's get into it and go through all the details all right some new numbers and reports have been released focused on your monthly benefits and how much more you should be getting on a monthly basis right now above and beyond your regular monthly benefit now these new reports and these new studies that are coming out here is something I certainly want to bring to your attention today's video is going to be about $648 extra on monthly basis for Social Security including retirement disability SSDI survivors spouse and SSI beneficiaries that's what we're going to focus on let's get into it and talk through all the details all right some new numbers and reports have been released focused on your monthly benefits right now above and beyond your regular monthly benefit now these new reports and these new studies that have been coming out here is something I certainly want to bring to your attention some new reports and these new studies that have been coming out here is something I certainly want to bring to your attention right here in the video because at the end of the day it's your money your benefit your lifestyle your bank account and the money that you rely on to fund your actual lifestyle put food on the table put a roof over your head clothes on your back gas in the car and again the list goes on and on you know about this in fact I've been reading a bunch of other studies and reports coming out right now that a huge number of people riant on Social Security benefits are actually relying on these monthly checks more and more every single month right now because basically nobody has any money and the percentage of people that are reliant on the Social Security benefits continues to increase so as a result of that these numbers and these dollar amounts are getting more and more important and even more important than they have been over the last several years here so again something I certainly want to bring to your attention because anytime that I come across reports like this I always need to bring this to your attention right here in the video because does your local news talk about this highly highly doubt it does the national news talk about this highly highly doubt it does your local newspaper bring this to your attention maybe I don't really know what's in the paper anymore but I highly doubt they're talking about this maybe in some rare instances but these are real numbers out there and these are real reports pointing all this out and again what I need to bring to your attention all right so here we go with a new report on monthly benefits and how much more you should be getting on a monthly basis right now above and beyond your regular monthly benefit now the first thing that's really important is your benefits are adjusted each and every year because of the cost of living that doesn't surprise anybody well this has been a major factor here and again uh impacting your monthly benefits what I'm going to be focusing on in this video which by the way quick side note here if you have not done so yet make sure to subscribe down below totally free to do so there's a big subscribe button down there hit that if you have not done so yet so you can stay tuned with what is going on here does the national news talk about this highly highly doubt it does your local newspaper bring this to your attention maybe I I don't really know what's in the paper anymore but um you know what but let me tell you let me just say if they did that would be good they wouldn't have to go out and try to make up some crazy story about about the rich getting richer and the poor getting poorer that is not true this report is a real report from real people so I'm going to bring it to your attention so let's see what we've got here for 2023 according to the Social Security Administration the average monthly benefit for a retiree in the United States has risen by over $650 since 2000 now you know this is based on the current pace of inflation and that's trending but I just want to give you an example because it makes it so much easier to understand let's say your monthly benefits have increased at a rate of about half of 1% every year for 23 years so that might not sound like a lot but when you compound the numbers we're talking about $7,700 in extra annual income now let me break it down for you because I know some people are going to be thinking wait isn't this just something that I'll get in one year well no in 2022 your Social Security benefits increased by about $7.70 on a monthly basis so what does this mean if lawmakers would have come forward 23 2 years ago or let's just say back in 2099 if they had come forward and actually passed through the adjustment to the cola from the CPI to the CPI that one simple little change to this it would be a basically $648 more per month to beneficiaries right now now you might be thinking but wait that doesn't really make sense the math on that doesn't make sense here is why it does make sense think of it this way the CPI outpaces the CPI W by a little bit right half a percent 1.3% 2/10 of a percent you know 7/10 of a percent you know 1 and 3/4 per. the number keeps going up here but if you add them all together over 23 and two years that is where the math comes in so you might be thinking it's only a little bit a few tenth of a percent 1.3 1.7 whatever it happens to be you know 1.8 or however many points whatever it may be but I'm right it is only that little bit over a long period of time but it's the compounding where the big money really comes in because you might get an extra dollar a month you know 23 years ago and then that turns into a little bit more compounded again the next year it continues to roll just like the snowball effect right so that's what it comes out to that's what I'm talking about today so let me say this much they knew that Social Security insolvency would be coming if they would have done this call it 23 years ago or let's just say back in 2009 if they would have come forward and actually passed through the adjustment to the cola as far as how it's calculated from the CPI to the CPI that would have been a basically $648 more per month to beneficiaries right now now you might be thinking but waight that doesn't really make sense the math on that doesn't make sense here is why it does make sense think of it this way the CPE outpaces the CPI W by about half a percent or 1 and 3/10 or 2/10 of a percent every year you know January 10th you know July 10th you know 2% the numbers keep going up here but if you add them all together over 23 and a 2 years that is where the math comes in so you might be thinking it's only a little bit but it is only that little bit over a long period of time but it's the compounding where the big money really comes in because you might get an extra dollar a month you know 23 years ago and then that turns into a little bit more compounded again the next year and it continues to roll it starts to pick up speed the more that it goes out into the future or down the mountain kind of the situation here right so that's what it comes out to that's what I'm talking about today so let me say this much they knew that Social Security and solvency would be coming if they would have done this 23 and a 2 years ago Social Security insolvency would have already happened right this would have been an old Story by now because it would have been costing you know and pushing a lot more money out to the beneficiaries a lot sooner so again we could talk about that in a lot in much more detail in other videos if you want me to but um there's some conspirers about it saying oh maybe this is a plan thing maybe they purposely didn't do it it because they knew the trust fund would be running out of money again I don't know but I will say this that kind of makes sense right so again hope this one helps you as always go back and subscribe to the channel if you haven't done so yet right down below the video is a big subscribe button make sure to do that if you haven't done so share the video with your friends on my social media or as always go back and check out any of the other thousands of videos here on the channel the latest numbers are in and social sec Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the rais benefits is by using the third quarter inflation from now compared over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know two 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit raise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $118 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $11,100 monthly benefit applying a potential 2.6 % raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when your calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option to if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the video popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video this is promising a $200 Social Security increase plus an additional $22,000 stimulus check including people on Social Security SSI SSDI VA beneficiaries and people on retirement rrb today in this video we have new information regarding the promising Bill and a new report if you have a lower or medium income you are more likely to receive the stimulus check if you are in this category it's worth looking at the details this money could be used for a variety of necessities and it's clear that the money would be put to Great use I have all the details right here in this video make sure to subscribe to our Channel and turn on all the Bell notifications let's get right into the details let's take a look at each of the proposals the potential for the stimulus check who could be included what type of stimulus check it could be when it might come out and why the government will be issuing it in this scenario also how much the stimulus money could be and when you might receive it we have all the details and I'll be breaking down all the questions and speculations right here in this video now in the event of a stimulus check the Federal Reserve looks at the economy to determine how much stimulus is needed to help people recover the money is then printed and pushed into the economy one thing to note the Federal Reserve provides stimulus money not out of kindness but because they know people will spend it which is the best way to get the economy up and running again the main intention is for the money to be quickly spent into the economy and not saved the government recognizes the importance of getting money into the economy quickly and efficiently if people save their stimulus checks they are not helping the economy as much as they could be the government wants the stimulus checks to be spent in different sectors of the economy such as groceries clothing and more spreading money throughout the entire economy and generating a positive impact many Studies have shown that stimulus checks are the best way to get money into the economy when it comes to the next round of stimulus checks the government thinks it's very important to spend the money on Necessities like groceries and clothes helping the economy and taking care of personal needs what does this mean for businesses when everyone gets the stimulus check they go out and spend it causing businesses like Walmart and Target to see a huge run on their inventory they then need to restock creating a chain effect that keeps everything going this stimulates the entire economy in a matter of weeks stimulus checks are an effective and quick way to impact businesses and people who need it most if the economic situation is similar to early 2020 the same criteria might be used for for this round of stimulus checks it could be similar to the third stimulus check with amounts like $1,400 $11,200 $2,000 or $1,600 depending on eligibility and other factors previous rounds showed that individuals with adjusted gross income below $75,000 and married couples below $150,000 were eligible the main determin factor for eligibility is income with lowincome individuals usually being the primary recipients Congress will ultimately decide the rules and eligibility criteria for the stimulus check but it's likely that lowincome beneficiaries will receive it if approved previous rounds have been quick with payment distribution especially the second and third rounds reaching bank accounts within a week of approval delays usually happen due to missing information from the IRS in the event of another stimulus check approval fixed income beneficiaries will receive their checks once the bill is signed into law typically within a week this program is still under review but it looks promising if the $200 monthly increase is implemented for one year it would result in an additional $2,400 per beneficiary considering there are approximately 70 million beneficiaries across various programs the total cost to the federal government for one year would be $168 billion Distributing a $2,000 stimulus check to the same 70 million beneficiaries would cost $140 billion which suits your needs better $200 per month or a $2,000 one-time payment these numbers are estimates and depend on the proposed osed plans details the total cost for the $200 increase would require an additional $28 billion compared to the stimulus check one crucial aspect to consider is taxes while stimulus checks are generally non-t taxable Social Security benefits may be subject to taxation depending on your annual income a $2,000 stimulus check is not taxable and provides immediate funds while a $200 monthly increase could potentially be larger overall but may be taxable these differences have significant implications a $2,000 stimulus check is immediate and non-t taxable while a $200 monthly increase provides a smaller steady amount that could be taxable if your income exceeds certain thresholds so what are the key takeaways from this comparison the total cost to the federal government for implement implementing the Social Security expansion act would be $168 billion per year while a one-time $2,000 stimulus check would cost around $140 billion in terms of cost the $200 increase would require an additional $28 billion however taxes play a crucial role stimulus checks have generally been non-t taxable in the past because they are considered refundable tax credits and not counted as income this means they don't affect other resources or result in additional taxes on the other hand a $200 monthly raise in Social Security benefits may be taxable depending on your annual income if your income exceeds $25,000 as an individual or $32,000 as a married couple your benefits may become taxable reducing the net gain from the raise examining the implications further a $2,000 lumps suum payment provides immediate non-t taxable funds that can be quickly used for financial needs in contrast a $200 monthly benefit increase while offering a smaller apparent amount could result in larger overall benefits over time $2,400 per year however if your income is close to or exceeds the taxable threshold the tax implications might reduce your net gain in conclusion both options have their pros and cons a $2,000 stimulus check provides immediate non-t taxable relief whereas a $200 monthly increase offers ongoing support but may be taxable the best choice depends on individual circumstances including income levels and financial needs ultimately the decision will come down to what Congress determines is the best course of action based on the economic situation and the needs of the population stay tuned for more updates and don't forget to subscribe to our channel for the latest information the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the rais benefits is by using the third quarter inflation from now compared over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit raise would actually land does that make sense I can always come back and run these more precisely once we get the official announce ment but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.66% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video If all stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% rate is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compare over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit rise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come and hire the bad news is that it could still come and lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2 .4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compare over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit rise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a 600 $100 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by2 $6 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4 4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video in today's video I'm going to be discussing a couple of hot button issues including a $200 raise and a $2,000 fourth stimulus check as it pertains 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 the video let's get into it and talk through the details so as I said just a minute ago a couple of hot button issues that I literally get questions about every single day down below in the comment section on other videos in fact I guarantee it look down below in the comment section of this video I guarantee you 100% there will be questions down below asking about a $200 per month raise a $2,000 fourth stimulus check and questions just like this well for those reasons that's exactly why I want to focus on it for you here in this video I get so many questions from those of you here in the community that watch the videos on the channel asking about all of these topics I want to clarify exactly what is going on and also answer another question that I've received as well which is can we get both of these at the same time again great question let me tell you all the details about this where we currently stand what I'm watching very closely and what we can expect over the coming months as it leads into these couple of topics right here we've got a lot to talk about here in the video I'm going to try to buzz through it as quickly as I can to give you as much value as I can hear in this video so let's jump into it right away however really fast before we get into it can I ask a huge favor of you if you have not done so yet will you please make sure to subscribe down below it's totally free to do so there's a big subscribe button down there make sure to hit that if you have not done so yet so you don't miss any videos going forward it's a busy time right now this year has been very busy so far and it's going to still be very busy going forward as well I'm watching all the headlines doing all the research advocating on your behalf and breaking it all down into these short videos every single day I have been for several years and I have plans to continue to be here for you every single day as that is my promise and my commitment as always I'm sticking to it so again thank you so much for being here please subscribe down below if you haven't done so and feel free to share this video there's a share button right down below as well share this video with your friends on social media thank you I truly appreciate it thank you so much for watching and let me talk you through the details all right so two hot button issues in fact I would say in my honest opinion these are the two most commonly asked questions that I see down below in the comment section all the time literally every single day I get questions on these topics okay a $200 raise let's focus on that for just a minute here first off we first heard about the $200 raise way back in March of 2020 yes exactly years and years ago is originally when this was introduced a small group of lawmakers came out and said hey let's Implement a temporary $200 raise well guess what it never happened right we know that in fact that would have been a bad situation here's why let me explain really quickly as you heard me just say a temporary raise a lot of people don't realize that the original iteration of this was a temporary $200 raise through the end of the year that basically would have given beneficiaries an extra $200 a month through the rest of the year and then would have ended it at the end of the year that was the whole purpose of that first iteration of that that would have been rough don't get me wrong the extra $200 would have been awesome but having the rug pulled at the end of the year saying sorry it's all gone now and they just take that away that would have been really bad for a lot of people so anyway that was the first iteration and again that most people don't recognize now again about a year a little over maybe a year and a half or so ago give or take a little bit I don't know exactly when it was I could be off a little bit but Bernie Sanders and a few of his Pals out of the Senate came back and reintroduced basically the $200 per month raise is represented by the Social Security expansion act you've heard me talk about it before in other videos I have dedicated videos here on the channel talking about it but there's a bunch of Provisions within the Social Security expansion act one of them is the $200 per month raise basically for the next 75 years years out until the end of the century yes get that right the end of the century it's a long time right but anyway there's a whole variety of ways that they can get that done where the money comes from who pays for it all kinds of things like this but that is also within that as well now I want to clarify again I'm always very transparent about this even though I see down below in the comments section people yelling at me and all kinds of things saying you said we're getting it no in fact I'm going to say it right now the $200 per month raise has not been approved yet I'm saying it loud and clear no the $200 per month raise has not been approved yet however could it be approved at some point soon I'm not going to sit here and say well tomorrow they're going to vote on it that's not happening they're not voting on it tomorrow but could it be approved at some point in the coming months it easily could be it's just a matter of voting on the legislation it's there it's been there it has multiple co-sponsors between lawmakers so yeah it's just literally a matter of voting on this legislation and again why I've said before in other videos this year is pivotally important when it comes down to Social Security reform and changing the program why well we know what's going on this year right well as a result do you think that they maybe want to get our attention for about I don't know 70 million people yeah of course they do right so again it would not be that hard for them to vote on this thing and I wouldn't be surprised I'm just going to say this I'm going to go on record and say this I would not be shocked if they do vote on this the reason being is it puts all lawmakers on record of where they stand with this legislation okay that's the purpose of it so I wouldn't be shocked even if they vote on it and it fails I still wouldn't be shocked one bit to see them vote on it just to put lawmakers on record of where they currently stand with this legislation okay just saying that all right anyway that's with the $200 race now all this is going to come full circle here in just a minute now let's quickly jump and talk about a $2,000 fourth stimulus check again I get this question all the time literally every day read down below I guarantee there will be questions down below asking about it and I also see a lot of confusion Down Below in the comment section as well people reaching out saying you said we're getting 2 ,000 no I didn't in fact I'm going to go on the record right here again loud and clear no a $2,000 stimulus check has not been approved okay has not I repeat has not okay I say this all the time in my videos and I see people yelling at me down below saying you said we're getting it tomorrow nope not me I didn't say that unless you're watching videos from like I don't know 3 years ago or something something like that when we were receiving stimulus checks even at that time then $2,000 was never coming even though they promised it right no they stiffed us they stiffed us so anyway my point is that's a whole other story we can talk about that in a different video but my point is okay as of right now no a $22,000 stimulus check has not been approved however is it wrong of me to give you an update and tell you what I'm looking at I don't think there's anything wrong with giving an update okay I can give you an update on the moon who cares I can come back and say well the Moon is still orbiting the Earth and it expects to continue doing this for the next thousand years I can give you an update every single day and tell you that who cares an update is an update right whether it's happening or not I can't tell you what I'm watching okay it all comes down to this the economy I talk about this in videos it's all predicated on the health of the economy okay I'm not going to go off on that rant right now talking about that but it's all predicated on the economy if we see a massive crash in the economy you better believe they're going to print money they do it every single time every single time that we see an economic contraction an economic crash an economic recession something like this we see money printed every single time okay why would next time be different it's not it's going to be the same thing it's the same old song and dance it's like the only thing they know how to do right print money ah the economy is going down print money Quick Print okay it's like quick press the print button right so anyway it's not literally that easy but you get the analogy that I'm talking about here okay but my point is that's what we're watching very closely now it all comes full Circle here so we have these couple things that are kind of out there you know in The Ether kind of floating around could they potentially be passed at some point they easily could be are they going to be I don't know I don't know I literally don't know okay I don't know if they will be but what I can tell you is the $200 per month raise is literally just a couple of votes away okay that's all they would have to do is just vote on it that's literally what they have to do okay they have the legislation in their possession they just need to vote on it so that is out there it could be a thing I don't know if they're going to pass it or not okay next a $2,000 stimulus check could it happen it easily could happen in fact if we see a major economic recession I would be shocked if they don't send out stimulus checks again okay when could that happen tomorrow no highly doubt it next week highly doubt it next month I don't know if things happen fast I mean think back to 2020 we saw the economy go from fine to shut down and everybody's staying at home living in our pajamas all day in like a matter of a month and a half it happened fast right and then it was only like it was at that same time that lawmakers passed the cares act1 2.3 trillion which included a $1,200 stimulus check okay so we went from living Our Lives totally normal 100% fine going out doing what we want and about a month later we were seeing all of us sitting at home living around in our fluffy suits and you know watching cartoons all day eating way too much fighting over toilet paper and money sent to our bank accounts okay that's literally what happened in 2020 we all lived through it we know what happened right so it can happen very fast okay economic recessions and economic contractions typically happen very fast it takes a long time leading up to it but when things start to happen it's like an avalanche it's like a big boulder rolling down the mountain when it starts rolling you better watch out because it's going to happen fast right it's like the same thing happening there okay that's what I'm saying I don't know will it happen later this year it could when it does you better be prepared because it's going to happen fast it's not like one of these things where it's like oh we have 7 years of LED time watching for for it and then when it comes it's like a slow-moving train it's like a turtle walking by no that's not how it is you see it coming it's like a train that rips down the tracks and nothing's stopping that thing okay same situation here so anyway that's what I want to talk about now really quickly I've had some people ask me can I get both of these at the same time the simple answer to that would be in theory if both of these were passed at the same time or somewhere in between could they be gathered at the same time the simple answer would be yeah they could be why they're totally separate a $200 per month raise as represented by the Social Security expansion Act is totally 100% different than a $2,000 stimulus check that may be encompassed within some type of stimulus package okay totally different they have nothing to do with each other one comes from Social Security another one comes from federal funds that are literally just printed up up and send out okay totally 100% different they have no correlation to each other whatsoever so yes in theory if these were to be passed again I've said the details about that before earlier in this video but in theory yes if these were to be passed then yeah you definitely could get both of them at the same time okay will that happen I don't know it's only a waiting game that's literally all we have to do is just continue waiting watching and kind of assessing the sit situation on a day byday a week by week and a month-by-month basis that's it okay that's why I'm watching all the details closely and bringing it to your attention in these videos and giving you updates like this it's fine there's nothing wrong with an update again like I said earlier I could give you an update every single day on the Moon the Moon is orbiting the Earth yep I could give you an update every day on the sunrise yep sun is still rising in the East and setting in the west okay nothing new here that's what I'm saying okay there's nothing wrong with that I'm not a criminal for giving an update on something that is out there and that could happen at some point or could not right so anyway that's what it comes down to so again I'm probably going to see comments down below yelling at me and all kinds of things oh you're the worst person ever okay fine if that's your opinion then fine I don't really care okay anyway I hope this helps you out for those of you that have been asking and it gives you Clarity on what's going on okay I'm watching it all and I'll bring it to your attention as I get more details on this but this is what we need to continue watching right now and remember there will be another recession for any person that thinks there's never going to be another recession I'm sorry you're living in La Land okay there will be another recession there will be another major economic contraction and we're going to to see the economy go down big at some point this year I don't know in 5 years probably in the next 10 years for sure we're going to see something major happen Okay when they do this they print money every single time they've done it for many years in fact look back at every single recession for the last call it 25 years they print money every single time okay I've talked about it before in other videos go back and fact check it if you'd want to the Doom bub the subprime bubble in 2007 2008 2009 check that out the 2020 crash then they did the same thing stimulus every single time so anyway I'm going to leave with that for now I hope this answers the questions for you okay I know I get a lot of questions I hope this answers for you and gives you some more clarity on this and breaks down the details of everything you wanted to know here otherwise if you have any questions concerns comments feel free to stick that down below in the comment section if I need to come back and make another dedicated video about this and clarify further I can certainly do that no problem at all let me know what you need I'm here for you okay so again I know it's a tough time I know people are struggling financially I get it I don't have any control over this I wish I did I don't I have no control over this whatsoever I wish I had some kind of button I could push to say doink there you go here's some money for you right that' be awesome that' be really cool I'd be pushing the button all day oh John he needs some money there you go John get some money oh Mary she needs some money too there you go Mary here's $11,000 you know that' be super cool anyway that's what I have for you so anyway please subscribe down below totally free to do so share the video again with the share button right down below as well otherwise go back and check out any of the other thousands and thousands of videos here on the channel in the video library or those down below in the description or the top of the comment section I've hand selected some videos and stuck those there for you as well otherwise you'll see some videos here on your screen watch those videos as well and until next time enjoy your day thank you so much for your support I really do appreciate you watching have a nice day the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compare over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit rise would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit benef that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential $ 2.6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month over month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come and hi higher the bad news is that it could still come and lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a r range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating fin Es are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also so check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video Welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly checks specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $2600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to weigh too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far asow low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 22 say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between two and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry high-income people you're out of here we don't want you what they found from this is that high-income people have a low MPC in other words if you give a high-income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those the high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps two 3 four or 5 months would have a better effect this approach would cost less around 400 billion dollar Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain is issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video using the share button below and check out any of the other thousands of videos on the channel including those hand selected for you in the description or at the top of the comment section you'll also see some videos popping up on your screen right now feel free to check those out as well thanks so much for watching and I'll catch you in the next video 125% increase to the Social Security benefits this new plan for Social Security aims to benefit millions and millions of beneficiaries this includes people receiving Social Security SSI SSDI VA survivors benefits people on retirement and SSDI disability many experts have been talking about the year 2024 as the year of Social Security reform and yes we are talking about raising Social Security benefits and exploring the plan to increase them by 125% what ises it exactly mean for you your benefits and your monthly checks we'll be going to explore all the details right here in this video so guys make sure to hit that like share this video subscribe to our Channel and turn on all the Bell notifications so you'll never miss new updates from our Channel and without further Ado let's jump right into all the details all right guys today is a very important topic to discuss that affects literally millions and millions of people there is a plan to increase social security benefits by 125% of the federal poverty line as many of you know there have been numerous bills numerous packages and new proposals being circulated right here in Congress in order to reform the Social Security program as Social Security solvency becomes a big issue these days now talking about the plan for a 125% increase in benefits well there has been a long-standing proposal to raise Social Security benefits to 125% of the federal poverty line this plan would significantly impact millions and millions of beneficiaries offering them an increased amount of Financial Security just to clarify the numbers and provide you with Clarity on how much you are going to receive in terms of monthly benefit benefits the dollar to- dooll values let's examine some of the numbers as per the federal poverty line where it currently stands and how much benefits you can receive all right guys so as of right now currently the federal poverty line stands at $1 14,580 for individuals now here's the thing if you do the calculation regarding the increase how much increase are you going to receive if this plan were to be implemented the monthly benefits for eligible recipients would be 125% of the federal poverty line so benefits would be 1.25 times the federal poverty line if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is $1,181 per month the average social security disability benefits come just under $1,500 per month therefore this increase could be a substant amount of increase so the proposal to raise Social Security benefits to 125% of the federal poverty line if this plan were to be implemented it would significantly provide much more benefits for all those groups of people if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is currently $1,181 per month for retirees and the average social secur disability benefits just coming under $1,500 per month therefore this increase could be a substantial amount of increase all right but is this the only kind of increase that is being proposed no there are many other proposals the introduction of the Social Security expansion Act is a major one this is another popular Plan introduced by Senator Bernie Sanders and his colleagues his plan aims to raise the benefit by $200 per month or $2,400 per year for all the beneficiaries now let's analyze the impact of both of the plans now here's the thing guys there are a few pros and cons of the plans the 125% increase for the federal poverty line would ensure that everyone below the federal poverty line will receive at least the minimum amount of federal poverty level benefits on the other hand the Social Security expansion act providing a $200 per month month increase would be beneficial for all the recipients so the benefit adjustment for the federal poverty line 125% of the federal poverty line would impact only a certain group of recipients those below the federal poverty line will get the benefits while on the other hand a $200 per month increase would benefit all the recipients regardless of their current benefit amount now it's not a situation of this plan being good or that plan being bad we need to understand the current individual circumstances because you need to assess your financial situation to understand which plan is a better option for you depending on your individual situation so let's say if someone is currently receiving $900 per month the $200 increase would bring their benefits to $1,100 which is a great increase per month similarly someone receiving $1,500 per month would see their benefits raised to about $1,700 and that's the reason why it's very crucial to consider what would be the most advantageous plan for each and every person the plan to increase social security benefits by 125% of the federal poverty line highlights the potential monthly benefit increase over $1,500 now the choice between these plans depends on whether the aim is to bring everybody to the federal poverty line or to provide a uniform amount of increase to all the beneficiaries one way or another the changes to Social Security will impact all Social Security recipients in various ways whether you're receiving $600 $900 $1,000 $1,200 $1,500 $2,000 $3,000 or even $3,500 whatever amount of benefits that you're receiving these proposed changes could impact you as a beneficiary currently there are two main proposals under consideration a $200 per month benefit increase for all the benefici Aries and an increase in benefits to the federal poverty levels 125% which would primarily benefit those with lower incomes so let's dive down into all the details first let's explore in detail the Social Security expansion act $200 per month benefit increases for all the Social Security beneficiaries now this proposal has a universal impact because it suggests increasing benefits for all the beneficiaries by $200 per per month across the board and here is the thing regardless of your current benefit amount whether your benefits are below or above the federal poverty level you will receive a $200 per month benefit increase now talking about those with higher income recipients while an additional $200 may not significantly impact someone receiving $4,000 per month it could still Provide support to individuals with lower and middle incomes as higher income recipients may not necessarily require those additional funds now talking about the second plan let's analyze the 125% increase to the federal poverty line all right now this proposal aims to raise the benefits to 125% of the federal poverty line primarily benefiting individuals with lower incomes so if you are somebody under the federal poverty line then your benefits will increase now talking about the calculation those who are currently receiving at or below the federal poverty line would receive a boost to ensure their benefits reach the federal poverty level threshold excluding higher income beneficiaries since individuals above the federal poverty line would already be receiving higher benefits this proposal would not directly impact those groups of beneficiaries talking about the current situation of Congress Congress is actively exploring various proposals to reform Social Security while there is no finalized plan yet it's important to consider that it may seem overwhelming seeing this multitude of proposals lawmakers are carefully analyzing the potential consequences long-term impacts and benefits of each proposal therefore we need to watch closely regarding the future developments with Social Security it's likely that changes will impact the near future for current and future beneficiaries once I get any latest details I will keep you posted so guys make sure to hit that like share this video Subs subcribe and this is Kadar from how to guys see you in the next video all right welcome everyone in today's video I'm going to be discussing July August and September and what these three months mean for your Social Security checks as well as why they're so incredibly important especially this year that's the focus of the video let's get into it and talk about all the details right now first off just to clarify when I say social security I'm referring to all benefits administered by the social Security Administration this includes but is not limited to Social Security retirement disability SSDI survivors spousal SSI and even VA benefits I just want to throw that out there really quickly because sometimes Down Below in the comments section I see questions like what about me I receive SSI or what about SSDI or what about retirement the list goes on and on so to clarify we're talking about all 70 plus million beneficiaries who receive these ongoing monthly checks now I want want to talk about the importance of July August and September since they are upon us already can you believe it I know right but I want to talk about the details of these three months and how these translate into your Social Security checks and why they are so incredibly important especially this year and what we've been seeing over the last several months so let's jump into it and talk through the details a little bit further however really fast before we get into it can I ask a huge favor if you're new here or if you haven't done so yet please make sure to subscribe to the channel by hitting the subscribe button right down below the video it's totally free to do so I'm here for you every single day I'm watching the headlines doing the research advocating on your behalf answering questions and doing anything I possibly can right now to point out everything going on it's a weird time out there a lot of things are changing and we've been hearing a lot about social security so far this year quite a few big announcements have come out of the administration as well a lot of good stuff so far and we've got a lot of the year yet to go right anyway I'm here for you again thank you so much for joining me please if you haven't done so subscribe down below it's totally free to do so also feel free to share the video with the share button down below with your friends on your social media thank you so much truly appreciate you and thanks for watching let's talk about the details so these are the three most important months when it comes down to your monthly benefit now we could probably say that a bunch of other months are very important as well but when it comes down to your benefits actually increasing this is what it comes down to Leading up to these three months July August and September we've been talking about a bunch of different details as far as what's going on and the information that has been coming out that is going to directly impact your monthly benefit if you've been watching the videos here on the channel for a while now you probably heard me talk about this because I've been talking about this since the very beginning of the year I've been saying get ready we need to continue watching the trend on what is going on and how it's going to play into the very important months basically in the middle of summer right July August September these are very important months it all comes down to the data points that we've been receiving so far this year which is the CPI or most importantly the CPI W which is the Consumer Price Index for urban wage earners and clerical workers this is the metric that they use to determine how much the cola raise is going to be for your benefits next year for 2025 they gather that inflation data during these months July August and September these are the three months that they use now you might be wondering how do they do that I'll tell you really quickly they add the inflation data from these 3 months July August and September over last year and the difference is the cola for the following year does that kind of make sense they compare inflation for these three months over last year same three months and the difference is the cola for the following year does that make sense anyway I can talk about that formula more in a different video but my point here is what have we been seeing so far this year if you've been watching the videos here for a while now you know exactly what's been going on so far this year inflation has been moving higher pretty substantially here the first handful of months or BAS basically the first half of the year we've been seeing inflation moving quite a bit higher when it comes to raises to your benefits it depends on how you look at it obviously higher inflation means higher prices on goods and services the things that we're buying every single day every single week every single month and where we are spending our money right this means that we're paying more out of pocket for all of these things not good however when it comes to your monthly benefit we could possibly look at this and say okay these higher prices yeah they're not good right now in the short term but in the long term this actually means that it may result in a significantly higher benefit increase for your monthly benefits permanently by the way a lot of people don't realize this yes I agree the high inflation right now is not fun the last 3 years or three and a half years that we've been dealing with this High inflation I agree it has not been a fun situation it's tough however when we look at the big picture here these raises that are coming in including the big raises we've received the last couple of years here the 5.9% the 8.7% the 3.2% that we got this year these raises are permanent these will impact your benefit benefits forever for the rest of your life that you receive benefits you're going to be getting these Cola raises so even as we see this data coming in over these next 3 months and how this data shows whatever it happens to be as far as impacting your monthly benefit yes in the short term inflation is quite a bit higher and this is really rough right now but hopefully crossing our fingers this inflation actually gets stabilized here and starts coming back down a bit at some point it will however long it takes we don't really know it's going to take a long time eventually when it does just remember remember we've locked in these higher Cola raises for the last several years here and this is going to impact your benefits forever for the rest of your life which is pretty nice right remember as well you've heard me say this before compounded all of these higher raises compounded on top of each other year after year it actually results in quite a bit more money in your monthly benefit right so we don't know what the co is going to be yet there's speculation we can calculate based on the information we have so far and we can probably round this down pretty close to what it's going to be but let's wait a couple more weeks here to see what the next data point comes in at and we'll get that information to see a better projection here within just a matter of a couple of weeks we can probably narrow this thing down to within just a few tents of a percentage point now some people out there are suggesting it's going to be anywhere between 2% and 4% okay fine that's as good as saying it's going to be between 0% and 2% that's a very big range I'm not sure about you but that does not get me all that excited to say oh it's going to be this huge range okay fine anybody can say that liter anybody can flip a coin and say yeah it's going to be between this range okay fine that doesn't take any brain power to figure out however in the next couple of weeks when we get that next data point I will come back in a separate video and tell you where I believe within a few tents of a percentage point where that thing is going to land here's the thing the more data points we get on this the more accurately we can project this thing obviously we won't know the official information until October that's when they come up with the official announcement for the cola next year when we get that information basically this next data point here in just a couple of weeks it'll be quite a bit easier to calculate this whole thing and come forward with a projection that's within probably a half a perc or maybe even tighter of a range but again we just want to get that last data point so my point is these months are important here leading up to them I've been coming out in a variety of videos saying hey we got to look at the trend here what is the trend of inflation going forward well it's moving higher it's been moving higher for many months now that's why I continue to come back in January feu uary March and April I was coming back in these months and saying look at this the trend is higher we're seeing inflation moving up x% per month the projections are moving Higher by so much per month as well with that projection we may be looking at a substantially higher Cola than we're actually anticipating right now I want to point this out really quickly as well we don't just see a CPI reading go from 1% or 1.5% up to 5% in a single month just doesn't work that so again we don't know what the cola is going to be yet there's speculation and we can calculate based on the information we have so far we can probably get pretty close to what it's going to be but let's wait a couple more weeks to see what the next data point comes in at and then we'll get that information to see a better projection within just a matter of a couple of weeks we can probably narrow this thing down to within just a few tents of a percentage Point some people out there are suggesting it's going to be anywhere between 2% and 4% okay fine that's as good as saying it's going to be between 0% and 2% % that's a very big range I'm not sure about you but that does not get me all that excited to say oh it's going to be this huge range okay fine anybody can say that literally anybody can flip a coin and say yeah it's going to be between this range okay fine that doesn't take any brain power to figure out however in the next couple of weeks when we get that next data point I will come back and give you a more precise prediction within a few tents of a percentage point of where I think it's going to land the more data points we get the more accurately we can project this thing obviously we won't know the official information until October that's when they come up with the official announcement for the cola next year but once we get that next data point in just a couple of weeks it'll be easier to calculate this whole thing and come forward with a projection that's within probably a half a percent or maybe even tighter of a range so my point is these months are important leading up to them I've been making various videos saying hey we got to look at the trend here what is the trend of inflation going forward well it's moving higher it's been moving higher for many months now that's why I continue to come back in January February March and April saying look at this the trend is higher we're seeing inflation moving up x% per month the projections are moving Higher by so much per month as well with that projection we may be looking at a substantially higher Cola than we're actually anticipating right now I want to point this out really quickly as well we don't just see a CPI reading go from 1% or 1.5% up to 5% in a single month just doesn't work that way I mean it could in theory technically it could do that but if that were the situation we'd be in a very bad situation just doesn't rise that rapidly like that but it does incrementally move up you know half a percent here 4/10 of a percent there 7/10 of a percent there it does keep moving up month over month and we continue to look at the trend we say the trend is higher therefore when we get into these three months that's why they're so important and why I've been watching this very closely over the last several months pointing out that hey look at the trend here it's moving higher means during these 3 months here's the thing as well will this inflation continue to move higher Beyond July August in September I'm going to say this much let's hope not why because we want this inflation to top out ideally we want it to top out in August why because that's right in the middle of the 3 months that we're looking to gather the data that means we caught the top going up cut the very top and we're catching the very highs going down in September as well my point is if this inflation is going to continue doing what it's doing we want it really to top out in August that means we've captured as much of the potential inflation as we possibly can does that make sense we do not want it to top out in December or January that' be bad meaning we missed the top and the cola for next year will not be nearly what it should be because we didn't catch the high of the inflation we'll continue watching this and as we get more reports I'll keep coming back to break all this down for you I just wanted to highlight quickly that July August and September are very very important this is why it all translates into your Cola I know the cola is a LoveHate relationship I see it down below in the comments section I guarantee it I'll see it on this video as well people saying who cares it's the cola we don't care okay that's fine if you don't care about the cola then call Social Security and tell them to keep it I highly doubt you're going to do that right nobody's going to do that my point is I get it we all love the cola but at the same time we also hate the cola because it's never good enough I get it I see the comments I know how we all feel about this but at the end of the day just think of it this way it's your money it's your benefit it's your lifestyle it's the amount of money you're getting in your monthly benefit for the rest of your life this is going to compound year after year going forward as well any raises on top of this will just help you get a bigger raise regardless of what the colas are in the following years makes sense anyway I'm going to leave it at that thank you so much for watching again please subscribe down below if you haven't done so yet it's totally free to do so I'm watching all the details for you otherwise share the video there's a share button right down below share it with your friends on social media so they can also see this information otherwise go back and check out any of the other thousands of videos here on the channel in the video library otherwise Down Below in the description or at the top of the comment section I've hand selected some videos for you right now on your screen you'll see some videos popping up make sure to check out one of those videos as well make your selection now enjoy your day take care have a good one 125% increase to the Social Security benefits this new plan for Social Security aims to benefit millions and millions of beneficiaries this includes people receiving Social Security SSI SSDI VA survivors benefits people on retirement and SSDI disability many experts have been talking about the year 2024 as the year Social Security reform and yes we are talking about raising Social Security benefits and exploring the plan to increase them by 125% what does it exactly mean for you your benefits and your monthly checks we'll be going to explore all the details right here in this video so guys make sure to hit that like share this video subscribe to our Channel and turn on all the Bell notifications so you'll never miss new updates from our Channel and without further Ado let's jump right into all the details all right all right guys today is a very important topic to discuss that affects literally millions and millions of people there is a plan to increase social security benefits by 125% of the federal poverty line as many of you know there have been numerous bills numerous packages and new proposals being circulated right here in Congress in order to reform the Social Security program as Social Security solvency becomes a big issue these days now talking about the plan for a 125% % increase in benefits well there has been a long-standing proposal to raise Social Security benefits to 125% of the federal poverty line this plan would significantly impact millions and millions of beneficiaries offering them an increased amount of Financial Security just to clarify the numbers and provide you with Clarity on how much you are going to receive in terms of monthly benefits the dollar-to-dollar values let's examine some of the numbers as per the federal poverty line where it currently stands and how much benefits you can receive all right guys so as of right now currently the federal poverty line stands at $1,580 for individuals now here's the thing if you do the calculation regarding the increase how much increase are you going to receive if this plan were to be implemented the monthly benefits for eligible recipients would be 125% of the federal poverty line so benefits would be 1.25 times the federal poverty line if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is $1,181 per month the average social security disability benefits come just under $1,500 per month therefore this increase could be a substantial amount of increase so the proposal to raise Social Security benefits to 125% of the federal poverty line if this plan were to be implemented it would significantly provide much more benefits for all those groups of people if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is currently $1,181 per month for retirees and the average social security disability benefits just coming under $1,500 per month therefore this increase could be substantial amount of increase all right but is this the only kind of increase that is being proposed no there are many other proposals the introduction of the Social Security expansion Act is a major one this is another popular Plan introduced by Senator Bernie Sanders and his colleagues his plan aims to raise the benefit by $200 per month or $2,400 per year for all the beneficiaries now let's analyze the impact of both of the plans now here's the thing guys there are a few pros and cons of the plans the 125% increase for the federal poverty line would ensure that everyone below the federal poverty line will receive at least the minimum amount of federal poverty level benefits on the other hand the Social Security expansion act providing a $200 per month increase would be beneficial for all the recipients so the benefit adjustment for the federal poverty line 125% of the federal poverty line would impact only a certain group of recipients those below the federal poverty line will get the benefits while on the other hand a $200 per month increase would benefit all the recipients regardless of their current benefit amount now it's not a situation of this plan being good or that plan being bad we need to understand the current individual circumstances because you need to assess your financial situation to understand which plan is a better option for you depending on your individual situation so let's say if someone is currently receiving $900 per month the $200 increase would bring their benefits to $1,100 which is a great increase per month similarly someone receiving $1,500 per month would see their benefits raised to about $1,700 and that's the reason why it's very crucial to consider what would be the most advantageous plan for each and every person the plan to increase social security benefits by 125% of the federal poverty line highlights the potential monthly benefit increase over $1,500 now the choice between these plans depends on whether the aim is to bring everybody to the federal poverty line or to provide a uniform amount of increase to all the beneficiaries one way or another the changes to Social Security will impact all Social Security recipients in various ways whether you're receiving $600 $900 $1,000 $1,200 $ $1,500 $2,000 $3,000 or even $3,500 whatever amount of benefits that you're receiving these proposed changes could impact you as a beneficiary currently there are two main proposals under consideration a $200 per month benefit increase for all the beneficiaries and an increase in benefits to the federal poverty levels 125% which would primarily benefit those with lower incomes so let's dive down into all the details first let's explore in detail the Social Security expansion act $200 per month benefit increases for all the Social Security beneficiaries now this proposal has a universal impact because it suggests increasing benefits for all the beneficiaries by $200 per month across the board and here is the thing regardless of your current benefit amount whether your benefits are below or above the federal poverty level you will rece receive a $200 per month benefit increase now talking about those with higher income recipients while an additional $200 may not significantly impact someone receiving $4,000 per month it could still Provide support to individuals with lower and middle incomes as higher income recipients may not necessarily require those additional funds now talking about the second plan let's analyze the 125% increase to the federal poverty line all right now now this proposal aims to raise the benefits to 125% of the federal poverty line primarily benefiting individuals with lower incomes so if you are somebody under the federal poverty line then your benefits will increase now talking about the calculation those who are currently receiving at or below the federal poverty line would receive a boost to ensure their benefits reach the federal poverty level threshold excluding higher income beneficiaries since individual above the federal poverty line would already be receiving higher benefits this proposal would not directly impact those groups of beneficiaries talking about the current situation of Congress Congress is actively exploring various proposals to reform Social Security while there is no finalized plan yet it's important to consider that it may seem overwhelming seeing this multitude of proposals lawmakers are carefully analyzing the potential consequences long-term impacts and benefits of each proposal therefore we need to watch closely regarding the future developments with Social Security it's likely that changes will impact the near future for current and future beneficiaries once I get any latest details I will keep you posted so guys make sure to hit that like share this video subscribe in today's video I'm going to be discussing a couple of hot button issues including a $200 raise and a $2,000 fourth stimulus check as it pertains 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 the video let's get into it and talk through the details so as I said just a minute ago a couple of hot button issues that I literally get questions about every single day down below in the comment section on other videos in fact I guarantee it look down below in the comment section of this video I guarantee you 100% there will be questions down below asking about a $200 per month raise a $2,000 fourth stimulus check and questions just like this well for those reasons that's exactly why I want to focus on it for you here in this video I get so many questions from those of you here in the community that watch the videos on the channel asking about all of these topics I want to clarify exactly what is going on and also answer another question that I've received as well which is can we get both of these at the same time time again great question let me tell you all the details about this where we currently stand what I'm watching very closely and what we can expect over the coming months as it leads into these couple of topics right here we've got a lot to talk about here in the video I'm going to try to buzz through it as quickly as I can to give you as much value as I can hear in this video so let's jump into it right away however really fast before we get into it can I ask a huge favor of you if you have not done so yet will you please make sure to subscribe down below it's totally free to do so there's a big subscribe button down there make sure to hit that if you have not done so yet so you don't miss any videos going forward it's a busy time right now this year has been very busy so far and it's going to still be very busy going forward as well I'm watching all the headlines doing all the research advocating on your behalf and breaking it all down into these short videos every single day I have been for several years and I have plans to continue to be here for you every single day as that is my promise and my commitment as always I'm sticking to it so again thank you so much for being here please subscribe down below if you haven't done so and feel free to share this video there's a share button right down below as well share this video with your friends on social media thank you I truly appreciate it thank you so much for watching and let me talk you through the details all right so two hot button issues in fact I would say in my honest opinion these are the two most commonly asked questions that I see down below in the comment section all the time literally every single day I get questions on these topics okay a $200 raise let's focus on that for just a minute here first off we first heard about the $200 raise way back in March of 2020 yes exactly years and years ago is originally when this was introduced a small group of lawmakers came out and said hey let's Implement a temporary $200 raise well guess what it never happened right we know that in fact that would have been a bad situation here's why let me explain really quickly as you heard me just say a temporary raise a lot of people don't realize that the original iteration of this was a temporary $200 raise through the end of the year that basically would have given beneficiaries an extra $200 a month through the rest of the year and then would have ended it at the end of the year that was the whole purpose of that first iteration of that that would have been rough don't get me wrong the extra $200 would have been awesome but having the rug pulled at the end of the year saying sorry it's all gone now and they just take that away that would have been really bad for a lot of people so anyway that was the first iteration and again that most people don't recognize now again about a year a little over maybe a year and a half or so ago give or take a little bit I don't know exact when it was I could be off a little bit but Bernie Sanders and a few of his Pals out of the Senate came back and reintroduced basically the $200 per month raise as represented by the Social Security expansion act you've heard me talk about it before in other videos I have dedicated videos here on the channel talking about it but there's a bunch of Provisions within the Social Security expansion act one of them is the $200 per month raise basically for the next 75 years out until the end of the century yes get that right the the end of the century it's a long time right but anyway there's a whole variety of ways that they can get that done where the money comes from who pays for it all kinds of things like this but that is also within that as well now I want to clarify again I'm always very transparent about this even though I see down below in the comment section people yelling at me and all kinds of things saying you said we're getting it no in fact I'm going to say it right now the $200 per month raise has not been approved yet I'm saying it loud and clear no the $200 per month raise has not been approved yet however could it be approved at some point soon I'm not going to sit here and say well tomorrow they're going to vote on it that's not happening they're not voting on it tomorrow but could it be approved at some point in the coming months it easily could be it's just a matter of voting on the legislation it's there it's been there it has multiple Co sponsors between lawmakers so yeah it's just literally a matter of voting on this legislation and again why I've said before in other videos this year is pivotally important when it comes down to Social Security reform and changing the program why well we know what's going on this year right well as a result do you think that they maybe want to get our attention for about I don't know 70 million people yeah of course they do right so again it would not be that hard for them to vote on this thing and I wouldn't be surprised I'm just going to say this I'm going to go on record and say this I would not be shocked if they do vote on this the reason being is it puts all lawmakers on record of where they stand with this legislation okay that's the purpose of it so I wouldn't be shocked even if they vote on it and it fails I still wouldn't be shocked one bit to see them vote on it just to put lawmakers on record of where they currently stand with this legislation okay just saying that all right anyway that's with the $200 rate days now all this is going to come full circle here in just a minute now let's quickly jump and talk about a $2,000 forth stimulus check again I get this question all the time literally every day read down below I guarantee there'll be questions down below asking about it and I also see a lot of confusion Down Below in the comment section as well people reaching out saying you said we're getting $2,000 no I didn't in fact I'm going to go on the record right here again loud and clear no a $22,000 stimulus check has not been approved okay has not I repeat has not okay I say this all the time in my videos and I see people yelling at me down below saying you said we're getting it tomorrow nope not me I didn't say that unless you're watching videos from like I don't know 3 years ago or something like that when we were receiving stimulus checks even at that time then $2,000 was never coming even though they promised it right no they stiffed us they stiffed us so anyway my point is that's a whole other story we can talk about that in a different video but my point is okay as of right now no a $22,000 stimulus check has not been approved however is it wrong of me to give you an update and tell you what I'm looking at I don't think there's anything wrong with giving an update okay I can give you an update on the moon who cares I can come back and say well the Moon is still orbiting the Earth and it expects to continue doing this for the next thousand years I can give you an update every single day and tell you that who cares an update is an update right whether it's happening or not I can tell you what I'm watching okay it all comes down to this the economy I talk about this in other videos it's all predicated on the health of the economy okay I'm not going to go off on that rant right now talking about that but it's all predicated on the economy if we see a massive crash in the economy you better believe they're going to print money they do it every single time every single time that we see an economic contraction an economic crash an economic recession something like this we see money printed every single time okay why would next time be different it's not it's going to be the same thing it's the same old song and dance it's like the only thing they know how to do right print money ah the economy is going down print money Quick Print okay it's like quick press the print button right so anyway it's not literally that easy but you get the analogy that I'm talking about here okay but my point is that's what we're watching very closely now it all comes full circle here so we have these couple things that are kind of out there you know in The Ether kind of floating around could they potentially be passed at some point they easily could be are they going to be I don't know I don't know I literally don't know okay I don't know if they will be but what I can tell you is the $200 per month raise is literally just a couple of votes away okay that's all they would have to do is just vote on it that's literally what they have to do okay they have the legislation in their possession they just need to vote on it so that is out there it could be a thing I don't know if they're going to pass it or not okay next a $2,000 stimulus check could it happen it easily could happen in fact if we see a major economic recession I would be shocked if they don't send out stimulus checks again okay when could that happen tomorrow no highly doubt it next week highly doubt it next month I don't know if things happen fast I mean think back to 2020 we saw the economy go from fine to shut down and everybody staying at home living in our pajamas all day in like a matter of a month and a half it happened fast right and then it was only like it was at that same time that lawmakers passed the cares act do 2.3 trillion which included a $1,200 stimulus check okay so we went from living Our Lives totally normal 100% fine going out doing what we want and about a month later we were seeing all of us sitting at home living around in our fluffy suits and you know watching cartoons all day eating way too much fighting over toilet paper and money sent to our bank accounts okay that's literally what happened in 2020 we all lived through it we know what happened right so it can happen very fast okay economic recessions and economic contractions typically happen very fast it takes a long time leading up to it but when things start to happen it's like an avalanche it's like a big boulder rolling down the mountain when it's starts rolling you better watch out because it's going to happen fast right it's like the same thing happening there okay that's what I'm saying I don't know will it happen later this year it could when it does you better be prepared because it's going to happen fast it's not like one of these things where it's like oh we have seven years of lad time watching for it and then when it comes it's like a slow moving train it's like a turtle walking by no that's not how it is you see it coming it's like a train that rips down the tracks and nothing stopping that thing okay same situation here so anyway that's what I want to talk about now really quickly I've had some people ask me can I get both of these at the same time the simple answer to that would be in theory if both of these were passed at the same time or somewhere in between could they be gathered at the same time the simple answer would be yeah they could be why they're totally separate a per month raise as represented by the Social Security expansion Act is totally 100% different than a $2,000 stimulus check that may be encompassed within some type of stimulus package okay totally different they have nothing to do with each other one comes from Social Security another one comes from federal funds that are literally just printed up and sent out okay totally 100% different they have no correlation to each other whatsoever so yes in theory if these were to be passed again I've said the details about that before earlier in this video but in theory yes if these were to be passed then yeah you definitely could get both of them at the same time okay will that happen I don't know it's only a waiting game that's literally all we have to do is just continue waiting watching and kind of assessing the situation on a day byday a week by week and a month-by-month basis that's it okay that's why I'm watching all the details closely and bringing it to your attention in these videos and giving you updates like this it's fine there's nothing wrong with an update again like I said earlier I could give you an update every single day on the Moon the Moon is orbiting the Earth yep I could give you an update every day on the sunrise yep sun is still rising in the East and setting in the west okay nothing new here that's what I'm saying okay there's nothing wrong with that I'm not a criminal for giving an update on something that is out there and that could happen at some point or could not right so anyway that's what it comes down to so again I'm probably going to see comments down below yelling at me and all kinds of things oh you're the worst person ever okay fine if that's your opinion then fine I don't really care okay anyway I hope this helps you out for those of you that have been asking and it gives you Clarity on what's going on okay I'm watching it all and I'll bring it to your attention as I get more details on this but this is what we need to continue watching right now and remember there will be another recession for any person that thinks there's never going to be another recession I'm sorry you're living in la la land okay there will be another recession there will be another major economic contraction and we're going to see the economy go down big at some point this year I don't know in 5 years probably in the next 10 years for sure we're going to see something major happen okay when they do this they print money every single time they've done it for many years in fact look back at every single recession for the last call it 25 years they print money every single time okay I've talked about it before in other videos go back and fact check it if you'd want to the Doom bubble the subprime bubble in 2007 2008 2009 check that out the 2020 crash then they did the same thing stimulus every single time so anyway I'm going to leave with that for now I hope this answers the questions for you okay I know I get a lot of questions I hope this answers for you and gives you some more clarity on this and breaks down the details of everything you wanted to know here otherwise if you have any questions concerns comments feel free to stick that down below in the comment section if I need to come back and make another dedicated video about this and clarify further I can certainly do that no problem at all let me know what you need I'm here for you okay so again I know it's a tough time I know people are struggling financially I get it I don't have any control over this I wish I did I don't I have no control over this whatsoever I wish I had some kind of button I could push to say do there you go here's some money for you right that' be awesome that' be really cool I'd be push pushing the button all day oh John he needs some money there you go John get some money oh Mary she needs some money too there you go Mary here's $1,000 you know that' be super cool anyway that's what I have for you so anyway please subscribe down below totally free to do so share the video again with the share button right down below as well otherwise go back and check out any of the other thousand and thousands of videos here on the channel in the video library or those down below in the description or the top of the comment section I've hand selected some videos and stuck those there for you as well otherwise you'll see some videos here on your screen watch those videos as well and until next time enjoy your day thank you so much for your support I really do appreciate you watching have a nice day take care and we've got to stick together right now it's a rough time out there I'm here for you every single day all right check out those videos and I'll catch you again later 125% increase to the Social Security benefits this new plan for Social Security aims to benefit millions and millions of beneficiaries this includes people receiving Social Security SSI SSDI VA survivors benefits people on retirement and SSDI disability many experts have been talking about the year 2024 as the year of Social Security reform and yes we are talking about raising Social Security benefits and exploring the plan to increase them by 125% what does it exactly mean for you your benefits and your monthly checks we'll be going to explore all the details right here in this video so guys make sure to hit that like share this video subscribe to our Channel and turn on all the Bell notifications so you'll never miss new updates from our Channel and without further Ado let's jump right into all the details all right guys today is a very important topic to discuss that affects literally millions and millions of people there is a plan to increase social security benefits by 125% of the federal poverty line as many of you know there have been numerous bills numerous packages and new proposals being circulated right here in Congress in order to reform the Social Security program as Social Security solvency becomes a big issue these days now talking about the plan for a 125% % increase in benefits well there has been a long-standing proposal to raise Social Security benefits to 125% of the federal poverty line this plan would significantly impact millions and millions of beneficiaries offering them an increased amount of Financial Security just to clarify the numbers and provide you with Clarity on how much you are going to receive in terms of monthly benefits the dollar to-dollar values let's examine some of the numbers as per the federal poverty line where it currently stands and how much benefits you can receive all right guys so as of right now currently the federal poverty line stands at $1 14,580 for individuals now here's the thing if you do the calculation regarding the increase how much increase are you going to receive if this plan were to be implemented the monthly benefits for eligible recipients would be 125% of the federal poverty line so benefits would be 1.25 times the federal poverty line if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is $1,181 per month the average social security disability benefits come just under $1,500 per month therefore this increase could be a substantial amount of increase so the proposal to raise Social Security benefits to 125% of the federal poverty line if this plan were to be implemented it would significantly provide much more benefits for all those groups of people if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is currently $1,181 per month for retirees and the average social security disability benefits just coming under $1,500 per month therefore this increase could be a substantial amount of increase all right but is this the only kind of increase that is being proposed no there are many other proposals the introduction of the Social Security expansion Act is a major one this is another popular Plan introduced by Senator Bernie Sanders and his colleagues his plan aims to raise the benefit by $200 per month or $2,400 per year for all the beneficiaries now let's analyze the impact of both of the pl plans now here's the thing guys there are a few pros and cons of the plans the 125% increase for the federal poverty line would ensure that everyone below the federal poverty line will receive at least the minimum amount of federal poverty level benefits on the other hand the Social Security expansion act providing a $200 per month increase would be beneficial for all the recipients so the benefit adjustment for the federal poverty line 125% of the federal poverty line would impact only a certain group of recipients those below the federal poverty line will get the benefits while on the other hand a $200 per month increase would benefit all the recipients regardless of their current benefit amount now it's not a situation of this plan being good or that plan being bad we need to understand the current individual circumstances because you need to assess your financial situation to understand which plan is a better option for you depending on your individual situation so let's say if someone is currently receiving $900 per month the $200 increase would bring their benefits to $1,100 which is a great increase per month similarly someone receiving $1,500 per month would see their benefits raised to about $1,700 and that's the reason why it's very crucial to consider what would be the most advantageous plan for each and every person the plan to increase social security benefits by 125% of the federal poverty line highlights the potential monthly benefit increase over $1,500 now the choice between these plans depends on whether the aim is to bring everybody to the federal poverty line or to provide a uniform amount of increase to all the beneficiaries one way or another the changes to Social Security will impact all Social Security recipients in various ways whether you're receiving $600 $900 $11,000 $1,200 $0000 $1,500 $2,000 $3,000 or even $3,500 whatever amount of benefits that you're receiving these proposed changes could impact you as a beneficiary currently there are two main proposals under consideration a $200 per month benefit increase for all the beneficiaries and an increase in benefits to the federal poverty levels 125% which would primarily benefit those with lower incomes so let's dive down into all the details first let's explore in detail the Social Security expansion act $200 per month benefit increases for all the Social Security beneficiaries now this proposal has a universal impact because it suggests increasing benefits for all the beneficiaries by $200 per month across the board and here is the thing regardless of your current benefit amount whether your benefits are below or above the federal poverty level you will receive a $200 per month benefit increase now talking about those with higher income recipients while an additional $200 may not significantly impact someone receiving $4,000 per month it could still Provide support to individuals with lower and middle incomes as higher income recipients may not necessarily require those additional funds now talking about the second plan let's analyze the 125% increase to the federal poverty line all right now this proposal aims to raise the benefits to 125% of the federal poverty line primarily benefiting individuals with lower incomes so if you are somebody under the federal poverty line then your benefits will increase now talking about the calculation those who are currently receiving at or below the federal poverty line would receive a boost to ensure their benefits reach the federal poverty level threshold excluding higher income beneficiaries since individual uals above the federal poverty line would already be receiving higher benefits this proposal would not directly impact those groups of beneficiaries talking about the current situation of Congress Congress is actively exploring various proposals to reform Social Security while there is no finalized plan yet it's important to consider that it may seem overwhelming seeing this multitude of proposals lawmakers are carefully analyzing the potential consequences long-term impact and benefits of each proposal therefore we need to watch closely regarding the future developments with Social Security it's likely that changes will impact the near future for current and future beneficiaries once I get any latest details I will keep you posted so guys make sure to hit that like share this video subscribe hello and welcome everyone in today's video we're diving into the exciting news about a $1,400 fourth stimulus check this check is aimed at supporting between 50 million and 100 million people who are low-income or fixed income beneficiaries these include Social Security retirement disability SSD survivors spousal benefits SSI V rrb low income no- income individuals seniors older adults and people with disabilities let's get into all the details right now now obviously this is a hot button issue and a very popular question I get every single day but I want to focus on the $1,400 fourth stimulus check which is the main topic today first can I ask a quick question if you received a $1,400 check right now how would you use that money I'm really curious so please share in the comments below I understand everyone's situation is different and I'm just interested in knowing how you would use that money whether you need it for bills groceries medical expenses or something else let me know and if you don't want to answer that's totally fine I'm just very curious if there's a common need Among Us remember the stimulus checks from a couple of years ago those checks went out to about 85% of the population which covered roughly 282 million people that's a massive number considering our population was around 333 million at the time but here's the thing not everyone needed those checks in reality only a specific group truly needed that financial support before we dive deeper can I ask a huge favor if you haven't already please subscribe to the channel by hitting the Subscribe button below it's totally free and I'm here for you every single day watching the headlines doing the research and advocating on your behalf I understand the struggle out there and I'm here to help you navigate these tough times now let's talk details the previous stimulus checks contributed to some inflation but not as much as people think over 6 trillion was printed in about 12 months with the stimulus checks totaling around $850 billion that's only a fraction of the total money printed so while the checks did contribute to inflation they weren't the sole cause let's break down the $1,400 check for 50 million people that would cost about $70 billion now $70 billion might sound like a lot but in the grand scheme of things it's really not the government spends much more on other programs and initiatives a $1,400 check for 100 million people would cost $140 billion still a fraction of what was previously spent the key here is targeting the people who truly need the money Studies have shown that low-income individuals spend their checks quickly which helps stimulate the economy higher inome individuals tend to save their money which doesn't have the same economic impact so focusing on those who need it most is the best approach imagine if the government sent out ongoing monthly checks to low-income and fixed income individuals for a few months this would still cost significantly less than sending checks to everyone for example a $1,400 check for 100 million people three times would cost $420 billion that's still less than half of the $850 billion spent on the previous stimulus checks the goal is efficiency by targeting a smaller specific group we can achieve the same economic impact without overspending this approach would help those in need and stimulate the economy effectively remember no new stimul check has been approved yet but it's something to watch closely in the event of another economic downturn the government might take this more efficient approach if you're a low-income or fixed income beneficiary keep an eye on these developments long story short if the government decides to issue another stimulus check focusing on those who need it most is the best strategy this way we can help the economy and support those in need without causing unnecessary inflation now let's take a look at the big picture over the course of a 1-year period three checks went out totaling a whopping $850 billion but here's something interesting if they were to send out just a oneoff $1,400 check to say 50 million people how much do you think that would cost if you're decent at math you probably know the answer is $70 billion Yes you heard that right $70 billion in the grand scheme of things that's nothing they give away $70 billion all across the globe more easily than they offer off it to us here in the country just saying we know the details about this right now let's take it a step further if they were to offer a $1,400 check to 100 million people a one-time payment that would be $140 billion again not much when you consider they sent out $850 billion over that one-year period so what's the point here why am I saying all this we've seen the studies the statistics and the numbers over the last several years you've heard me talk about them before and other videos many reports have shown that we kind of blew it when it came to the stimulus checks they really dropped the ball a lot of Studies have come out and shown that going forward in the event of another stimulus check being needed it would be more efficient by the way no stimulus check has been approved right now I always say this in my videos a stimulus check has not been approved will something be approved I have no idea but as of now it has not so if anyone tells you they're coming tomorrow it's not true I just want to get that out of the way quickly the studies show that between 50 and 100 million people would actually need a check this would cost anywhere between $70 billion and $140 billion for a oneoff $1,400 payment that's nothing if they were to do this studies show that sending out money to the lowest income people stimulates the economy more effectively let me explain when low-income people get money they spend it immediately which is what stimulates the economy middle and high-income people often save the money which doesn't help the economy as much so what does this mean they need to Target low-income individuals who will spend the money quickly fulfilling the purpose of a stimulus check to stimulate the economy this was one of the issues they identified a few years ago people were saving the money instead of spending it in conclusion going forward if another stimulus check is distributed they could be way more efficient a oneoff $1,400 check or any amount for a specified group of low-income and fixed income individuals would be more effective a one-off check for 50 million people at $1,400 each would cost $70 billion that's nothing for 100 million people it would be $140 billion again minimal compared to the multi-trillion dollar packages passed in recent years for example the car's Act was $2.3 trillion the American Rescue plan was $1.9 trillion and the end of 2020 package was $900 billion the infrastructure package was another $900 billion so 70 billion or $140 billion is minimal targeting these payments to low-income and fixed income people who will spend the money quickly and fully is the way to go imagine this ongoing monthly checks for a specified period for the low-income and fixed income groups say 50 million 70 million or even 100 million people this approach could help help stimulate the economy and still cost a fraction of the amount spent on the previous stimulus checks remember that 850 billion doll figure I mentioned earlier that's almost a trillion dollar sent out to 85% of the population many of whom didn't need it instead they could Target 15 to 30% of the population who truly need the money and will spend it quickly by sending monthly checks to this smaller group they can achieve the same stimulative effect on the economy these individuals will spend the money in its entirety and likely even more which is exactly what's needed to boost the economy it's crucial to watch this closely if you are a low-income or fixed income beneficiary you never know what the next economic cycle will bring while no stimulus checks are approved right now history shows that during recessions stimulus checks become a go-to solution to stimulate the economy we've seen it before when the economy goes down stimulus checks come out they print money push it out to us and encourage us to spend it on various things like clothes TVs or even cars this spending helps stimulate the economy so what's the take away here maybe next time they'll take a more efficient approach they might realize that last time they caused a lot of inflation by printing six trillion dollar this time they could be more strategic by targeting only those who will spend the money quickly investing stimulus money in the market or in crypto does not stimulate the economy the purpose of stimulus checks is to be spent on Goods and services not to be saved or invested if another round of checks is approved they might send them to only 15 to 30% of the population with one off or ongoing monthly checks for a few months this approach would cost significantly less than what was spent in previous years for instance $3 $1,400 checks to 100 million people would cost about $420 billion that's half of the $850 billion spent previously helping 100 million low-income IND individuals with $1,400 checks three times would cost less than half of the previous total do you see the logic here efficiency is key in my opinion this approach is very logical and efficient passing trillion doll packages is common so allocating $70 billion $140 billion or even $420 billion is minimal in comparison the inflationary impacts would also be minimal while there may be some inflation it would be much less than what we saw in the past few years so to sum it up sending targeted checks to those who will spend the money quickly can stimulate the economy efficiently if you haven't done so please subscribe to our channel it's totally free share this video with your friends and on social media check out our other videos in the video library or those Linked In the description or comments thank you for watching have a great day and I'll catch you in the next video Welcome everyone in today's video I'm going to be discussing 20 ,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly checks specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching ing everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now now here's the thing think back a couple of years ago 2020 we got two checks then back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as a right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 20 to say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between 2 and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three C categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry high- income people you're out of here we don't want you what they found from this is that high-income people have a low MPC in other words if you give a high income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high income people that generally do not spend the the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low-income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of the issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps 2 three four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% % of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating suppli supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video video using the share button below and check out any of the other thousands of videos on the channel thanks so much for watching and I'll catch you in the next video 125% increase to the Social Security benefits this new plan for Social Security aims to benefit millions and millions of beneficiaries this includes people receiving Social Security SSI SSDI VA survivors benefits people on retirement and SSDI disability many experts have been talking about the year 2024 as the year of Social Security reform and yes we are talking about raising Social Security benefits and exploring the plan to increase them by 125% what does it exactly mean for you your benefits and your monthly checks we'll be going to explore all the details right here in this video so guys make sure to hit that like share this video subscribe to our Channel and turn on all the Bell notifications so you'll never miss new updates from our Channel and without further Ado let's jump right into all the details all right guys today is a very important topic to discuss that affects literally millions and millions of people there is a plan to increase social security benefits by 125% of the federal poverty line as many of you know there have been numerous bills numerous packages and new proposals being circulated right here in Congress in order to reform the Social Security program as Social Security solvency becomes a big issue these days now talking about the plan for a 125% increase in benefits well there has been a long-standing proposal to raise Social Security benefits to 125% of the federal poverty line this plan would significantly impact millions and millions of beneficiaries offering them an increased amount of Financial Security just to clarify the numbers and provide you with Clarity on how much you are going to receive in terms of monthly benefits the dollar-to-dollar values let's examine some of the numbers as to the federal poverty line where it currently stands and how much benefits you can receive all right guys so as of right now currently the federal poverty line stands at $14 14,580 for individuals now here's the thing if you do the calculation regarding the increase how much increase are you going to receive if this plan were to be implemented the monthly benefits for eligible recipients would be 125% of the federal poverty line so benefits would be .25 times the federal poverty line if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is $1,181 per month the average social security disability benefits come just under $1,500 per month therefore this increase could be a substantial amount of increase so the proposal to raise Social Security benefits to 125% of the federal poverty line if this plan were to be implemented it would significantly provide much more benefits for all those groups of people if this plan were to be implemented the monthly benefits for eligible recipients would be a little over $1,500 compared to the current average social security benefit which is currently $1,181 per month for retirees and the average social security disability benefits just coming under $1,500 per month therefore this increase could be a substantial amount of increase all right but is this the only kind of increase that is being proposed no there are many other proposals the introduction of the Social Security expansion Act is a major one this is another popular Plan introduced by Senator Bernie Sanders and his colleagues his plan aims to raise the benefit by $200 per month or $2,400 per year for all the beneficiaries now let's analyze the impact of both of the plans now here's the thing guys there are a few pros and cons of the plans the 125% increase for the federal poverty line would ensure that everyone below the federal poverty line will receive at least the minimum amount of federal poverty level benefits on the other hand the Social Security expansion act providing a $200 per month increase would be beneficial for all the recipients so the benefit adjustment for the federal poverty line 125% of the federal poverty Y Line would impact only a certain group of recipients those below the federal poverty line will get the benefits while on the other hand a $200 per month increase would benefit all the recipients regardless of their current benefit amount now it's not a situation of this plan being good or that plan being bad we need to understand the current individual circumstances because you need to assess your financial situation to understand which plan is a better option for you depending on your individual situation so let's let say if someone is currently receiving $900 per month the $200 increase would bring their benefits to $1,100 which is a great increase per month similarly someone receiving $1,500 per month would see their benefits raised to about $1,700 and that's the reason why it's very crucial to consider what would be the most advantageous plan for each and every person the plan to increase social security benefits by 125% of the federal poverty line highlights the potential monthly benefit increase over $1,500 now the choice between these plans depends on whether the aim is to bring everybody to the federal poverty line or to provide a uniform amount of increase to all the beneficiaries one way or another the changes to Social Security will impact all Social Security recipients in various ways whether you're receiving $600 $900 $1,000 $1,200 $1,500 $0000 $2,000 $3,000 or even $3,500 whatever amount of benefits that you're receiving these proposed changes could impact you as a beneficiary currently there are two main proposals under consideration a $200 per month benefit increase for all the beneficiaries and an increase in benefits to the federal poverty levels 125% which would primarily benefit those with lower incomes so let's dive down into to all the details first let's explore in detail the Social Security expansion acts $200 per month benefit increases for all the Social Security beneficiaries now this proposal has a universal impact because it suggests increasing benefits for all the beneficiaries by $200 per month across the board and here is the thing regardless of your current benefit amount whether your benefits are below or above the federal poverty level you will receive a $200 per month benefit increase now talking about those with higher income recipients while an additional $200 may not significantly impact someone receiving $4,000 per month it could still Provide support to individuals with lower and middle incomes as higher income recipients may not necessarily require those additional funds now talking about the second plan let's analyze the 125% increase to the federal poverty line all right now this proposal aims to raise the benefits to 125 5% of the federal poverty line primarily benefiting individuals with lower incomes so if you are somebody under the federal poverty line then your benefits will increase now talking about the calculation those who are currently receiving at or below the federal poverty line would receive a boost to ensure their benefits reach the federal poverty level threshold excluding higher income beneficiaries since individuals above the federal poverty line would already be receiving higher benefits this proposal would not directly imp act those groups of beneficiaries talking about the current situation of Congress Congress is actively exploring various proposals to reform Social Security while there is no finalized plan yet it's important to consider that it may seem overwhelming seeing this multitude of proposals lawmakers are carefully analyzing the potential consequences long-term impacts and benefits of each proposal therefore we need to watch closely regarding the future developments with Social Security it's likely that changes will impact the near future for current and future beneficiaries once I get any latest details I will keep you posted so guys make sure to hit that like share this video subscribe and this is Kadar from how to guys see you in the next video the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so Please Subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognized that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the rais benefits is by using the third quarter inflation from now compared over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit rise would actually land does that make sense I can always come back and run the these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing If you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly check specifically focused on the low income is the best approach going forward and this would actually have the best effect as well well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $200 and $600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be two months it could be 3 months it could be five months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 22 say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between two and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high income people have a low MPC in other words if you give a high-income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called the IP economic impact payments because we're supposed to impact the economy with a payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low-income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps two three four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly check taxs have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services dagging up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video using the share button below and check out any of the other thousands of videos on the channel including those hand selected for you in the description or at the top of the comment section you'll also see some videos popping up on your screen right now feel free to check those out as well welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low-income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly checks specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the details watching the headlines doing all the research advocating on your behalf and doing anything possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button right down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $2600 back in 2021 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and say this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody need a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be 2 months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Compass about I don't know anywhere between about 22 say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between two and 5 months anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high-income people have a low MPC in other words if you give a high-income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called P economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in other videos so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high-income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dab around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally low income or fixed income what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or 1,600 $ of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps two 3 four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 33% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focused group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted check checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video using the share button below and check out any of the other thousands of videos on the channel including those hand selected for you in the description or at the top of the comment section you'll also see some videos popping up on your screen right now feel free to check those out as well thanks so much for watching and I'll catch you in the next video the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2.9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compared over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit raay would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by 26 $6 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continued to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in higher the bad news is that it could still come in lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range is to where the cola is likely to land with the highest probability here's my best guess this is within a half half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2 .9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video this is promising a $200 Social Security increase plus an additional $2,000 stimulus check including people on Social Security SSI SSDI VA beneficiaries and people on retirement rrb today in this video we have new information regarding the promising Bill and a new report if you have a lower or medium income you are more likely to receive the stimulus check if you are in this category it's worth looking at the details this money could be used for a variety of necessities and it's clear that the money would be put to Great use I have all the details right here in this video make sure to subscribe to our Channel and turn on all the Bell notifications let's get right into the details let's take a look at each of the proposals the potential for the stimulus check who could be included what type of stimulus check it could be when it might come out and why the government will be issuing it in this scenario also how much the stimulus money could be and when you might receive it we have all the details and I'll be breaking down all the questions and speculations right here in this video now in the event of a stimulus check the Federal Reserve looks at the economy to determine how much stimulus is needed to help people recover the money is then printed and pushed into the economy one thing to note the federal res Reserve provide stimulus money not out of kindness but because they know people will spend it which is the best way to get the economy up and running again the main intention is for the money to be quickly spent into the economy and not saved the government recognizes the importance of getting money into the economy quickly and efficiently if people save their stimulus checks they are not helping the economy as much as they could be the government want the stimulus checks to be spent in different sectors of the economy such as groceries clothing and more spreading money throughout the entire economy and generating a positive impact many Studies have shown that stimulus checks are the best way to get money into the economy when it comes to the next round of stimulus checks the government thinks it's very important to spend the money on Necessities like groceries and clothes helping the economy and taking care of personal needs s what does this mean for businesses when everyone gets the stimulus check they go out and spend it causing businesses like Walmart and Target to see a huge run on their inventory they then need to restock creating a chain effect that keeps everything going this stimulates the entire economy in a matter of weeks stimulus checks are an effective and quick way to impact businesses and people who need it most if the economic situation is similar to early 2020 the same criteria might be used for this round of stimulus checks it could be similar to the third stimulus check with amounts like $1,400 $1,200 $2,000 or $1,600 depending on eligibility and other factors previous rounds showed that individuals with adjusted gross income below 75 ,000 and married couples below $150,000 were eligible the main determining factor for eligibility is income with lowincome individuals usually being the primary recipients Congress will ultimately decide the rules and eligibility criteria for the stimulus check but it's likely that lowincome beneficiaries will receive it if approved previous rounds have been quick with payment distribution espe especially the second and third rounds reaching bank accounts within a week of approval delays usually happen due to missing information from the IRS in the event of another stimulus check approval fixed income beneficiaries will receive their checks once the bill is signed into law typically within a week this program is still under review but it looks promising if the $200 monthly increase is implemented for one year it would result in an additional $2,400 per beneficiary considering there are approximately 70 million beneficiaries across various programs the total cost to the federal government for one year would be $168 billion Distributing a $2,000 stimulus check to the same 70 million beneficiaries would cost $140 billion which suits your needs better 200 $100 per month or a $2,000 onetime payment these numbers are estimates and depend on the proposed plans details the total cost for the $200 increase would require an additional $28 billion compared to the stimulus check one crucial aspect to consider is taxes while stimulus checks are generally non- taxable Social Security benefits may be subject to taxation depending on your your annual income a $2,000 stimulus check is not taxable and provides immediate funds while a $200 monthly increase could potentially be larger overall but may be taxable these differences have significant implications a $2,000 stimulus check is immediate and non- taxable while a $200 monthly increase provides a smaller steady amount that could be taxable if your income exceeds certain thresholds so what are the key takeaways from this comparison the total cost to the federal government for implementing the Social Security expansion act would be $168 billion per year while a onetime $2,000 stimulus check would cost around $140 billion in terms of cost the $200 increase would require an additional $28 billion however taxes play a Cru I role stimulus checks have generally been non-t taxable in the past because they are considered refundable tax credits and not counted as income this means they don't affect other resources or result in additional taxes on the other hand a $200 monthly raise in Social Security benefits may be taxable depending on your annual income if your income exceeds $25,000 as an individual or $32 $2,000 as a married couple your benefits may become taxable reducing the net gain from the raise examining the implications further a $2,000 lumpsum payment provides immediate non-t taxable funds that can be quickly used for financial needs in contrast a $200 monthly benefit increase while offering a smaller apparent amount could result in larger overall benefits over time $2,400 per year however if your income is close to or exceeds the taxable threshold the tax implications might reduce your net gain in conclusion both options have their pros and cons a $2,000 stimulus check provides immediate non-t taxable relief whereas a $200 monthly increase offers ongoing support but may be taxable the best choice depends on individual circumstances including income Lev lels and financial needs ultimately the decision will come down to what Congress determines is the best course of action based on the economic situation and the needs of the population stay tuned for more updates and don't forget to subscribe to our channel for the latest information the latest numbers are in and Social Security benefits will be increasing by this amount if all else stays the same this includes all benefits administered by Social Security such as Retirement disability SSDI survivors spousal SSI and VA benefits I have all the details for you including the exact numbers of how much benefit checks would be increasing in real dollars in your bank account every single month so with that being said let's jump into it and discuss all those details first off thanks so much for liking and sharing the video also make sure to subscribe down below if you haven't done so yet it's totally free to do so I'm here for you every single day so please subscribe down below thank you so much for being here I really appreciate your support let me talk you through the numbers all right so we just got some new information this is the first of three data points that we need to determine exactly how much your benefit raise is going to be I want to say this quickly it's not the best thing in the world but it is certainly better than it could have been it could have gone down substantially more than this so it's still holding relatively steady here which is looking pretty good for the beneficiary but at the end of the day I recognize that just as much as you do we need like a 50% raise a 100% raise right I totally get that right now but at the end of the day just remember this much it could always be a lot worse based on the new inflation data that we just received yesterday morning the CPI W came in at 2. .9% however remember the way that they calculate the raised benefits is by using the third quarter inflation from now compareed over the third quarter from last year they compare the difference and that turns into the cola for the following year does that make sense based on the 2.9% CPI W that we got yesterday we're looking at a new potential Cola that will be announced here in a couple of months by the way this is not the official announcement but when that's officially announced it's looking as of right now at 2.6% I know it's not great it's not huge but at the end of the day it could have been significantly worse than that so let's look at the positive side of this I know sometimes it's hard to do but it could have been way worse than that however let me share with you some real dollar amounts we all want to know 2.6% that's nice but what does it mean for us and our benefits what does it mean for real money in our pocket at the end of the day hey all of us want to know the same thing how much money does that translate into in my pocket in my bank account so that's what I want to share with you I'm going to run through some numbers here I've already run the calculations for you and I'm going to give you a bunch of numbers rounding to the nearest $100 but here's the thing just take the $100 amount closest to yours and it'll get you within about a dollar or dollar and a half or so of where your benefit Ray would actually land does that make sense I can always come back and run these more precisely once we get the official announcement but let me give you these numbers If you're receiving a $600 monthly benefit applying a potential 2.6% raise to that benefit would increase your benefits by $16 a month if you're receiving a $700 monthly benefit right now applying a potential 2.6% raise to that would increase your monthly benefit by $18 a month again not a ton of money but but it's certainly better than nothing if you're receiving an $800 monthly benefit applying a potential 2.6% raise to that would increase your benefit by $21 a month I wish it were $210 but sorry I said that incorrectly it's $21 a month for an $800 monthly benefit that's what it would translate into If you're receiving a $900 monthly benefit applying a potential 2.6% raise to that would increase inrease your benefits by $23 a month if you're getting a $1,000 monthly benefit applying a potential 2.6% raise to that would increase your benefits by $26 a month if you're getting a $1,100 monthly benefit applying a potential 2.6% raise to your $1,100 monthly benefit would increase your benefit by $28 a month so as you can see with these numbers it's not a ton obviously the bigger the benefit that you have the more of a raise you're going to get because that's just how it works when calculating percentages and rounding numbers that's just how it works the bigger the number the bigger the outcome obviously the bigger the benefit you have the more of a raise you're going to get that's just how it works when you're calculating percentages and rounding numbers the bigger the number the bigger the outcome or sum does that make sense it's not a ton I completely recognize this now here's what's also interesting we continue to see that inflation is moving up in fact on a year-over-year basis as I mentioned in the video yesterday we see that shelter prices are still up 0.4% on a month-over-month basis and 5.1% on a year-over-year basis meanwhile food prices were up 0.2% on a month-over-month basis and they continue to report food was up only 1.1% year-over-year I'm not sure if I buy that but that's what the report is showing as of now like I said at the beginning of the video if all else stays the same and we end up with a 2.6% raise this is what it would look like the good news and potentially the bad news is that we still have two more reports to go before we get the official announcement from Social Security about what the cola will be the good news is that the cola could come in hire the bad news is that it could still coming lower if I have to give you my best estimate and again I said this in the video yesterday but I want to repeat it quickly if I have to narrow it down to a half percentage Point range as to where the cola is likely to land with the highest probability here's my best guess this is within a half% range there are others who provide much broader ranges such as between 1% and 4% that's something anyone could guess but I'm giving you a range of 2.4% to 2.9% based on the latest numbers this is my best guess right now in another month when we get the next inflation data point I'll be able to provide a much closer range probably within 0.2% but for now I think the range of 2.4% to 2.9% is where we're likely to land I hope this helps a little bit let's try to look at the positive side I know it can be frustrating finances are tough and many people are struggling including seniors and those with disabilities living on a fixed income I get it I see the comments down below but at the end of the day remember it could be zero a 0% raise is a real option too if you had to choose wouldn't you rather have the 2.4% 2.6% or 2.9% rather than a potential 0% I highly doubt it will be zero inflation would have to be very negative for the next couple of months to result in a zero increase and that's just not likely to happen I hope this helps you please Please Subscribe down below if you haven't already share the video with your friends on social media using the share button below and like the video if you're right there thank you I really appreciate it otherwise check out the other videos on the channel you can find the ones I've hand selected for you down below in the description or at the top of the comment section also check out the videos popping up on your screen right now I'll catch you in the next one thanks so much for your support enjoy your day take care and I'll see you again in the next video Welcome everyone in today's video I'm going to be discussing $2,000 monthly checks for the low income and how this is by far the best approach that's the focus of the video so let's get into it and talk through all the details a new study was just released and this is actually really good the study shows that sending out ongoing $2,000 monthly check specifically focused on the low income is the best approach going forward and this would actually have the best effect as well I want to share with you the details of this study and exactly what they found because yes I actually agree with what they're talking about here sending out these ongoing $2,000 monthly checks only for the low income not everybody else just the low income is a very very good approach so again I want to share with you all the details of this report so you can see exactly what is going on here I'd love to hear your feedback Down Below in the comment section do you agree with what this is also saying I'll give you those details here in just a second so let's jump into it and talk about what is going on in this report however really fast before we do thanks so much for joining me if you have not done so yet can I ask a huge huge favor of you will you please make sure to subscribe to the channel by hitting the Subscribe button right down below the video again only if you haven't done so yet I really do appreciate it thank you so much for being here I'm watching all the deta s watching the headlines doing all the research advocating on your behalf and doing anything I possibly can for you right now I know it's a rough time financially everybody needs more money that is no surprise that is no secret we all recognize this right everybody needs a lot more cash right now it's been tough the last couple of years have been really really tough especially for the low income and fixed income again you've heard me talk about it before in all the videos yeah we talk about all of it it's a tough time out there so anyway I'm here for you no matter what every single day doing all the research watching everything out there very closely and pointing out anything you can possibly grab or take advantage of so again thank you so much for joining me please subscribe down below and also feel free to share this video with your friends on social media again with the share button write down below all right thank you so much truly appreciate it thank you so much for watching and let's talk about the details of this study this report and what I want to bring to your attention here in this video all right so first off I'm going to ask you a quick question do you think they should send out $2,000 ongoing monthly checks for everybody or a massive percentage of our population like I don't know 85% of our population I'm going to say this much I don't agree with that again a lot of people need money right now but not 85% of the population I do not agree I don't think a huge percent of the population should get checks however sending out ongoing monthly checks for a very specified group of people that I agree with now here's the thing think back a couple of years ago 2020 we got two checks then $2600 back in 20121 we got $1,400 a total of $3,200 that went out to 85% of the population do you think all 85% of the population needed that money I'm going to go ahead and this much no not even close did they want the money yes absolutely they took it right we all took it everybody out there took it but not everybody needed it and that is what we saw with a lot of different issues that arose over the last couple of years way too much money going out to way too many people however this study actually finds that we don't need to do that next time around we definitely do not need to do that that was a major major experiment and they found that the experiment was not not a very good approach right but here's what they're finding sending out a very specified dollar amount in this case they use $2,000 in this study sending out $2,000 on an ongoing monthly basis for a specified period of time and again it could be two months it could be 3 months it could be 5 months something like this a very short specified period of time but $2,000 for a very specified group of people again low income now here's what I want to point out really quickly as they identify low income this encompasses about 50 million maybe 100 million people tops that's it now again think of it this way how many people receive fixed income benefits as of right now about 70 million people how many people are living in poverty about 40 million people how many people are encompassed as low income well it depends on where you draw the line as far as low income but again 50 to 100 million people would Encompass about I don't know anywhere between about 20 to say 33% of our population so it's very very low percentages considering we sent out checks to 85% of the population a couple of years ago but here's what they found with this and again let me share with you the details of this study again I agree with this I think it's actually pretty good which is why I said that earlier at the beginning of this video so here's what it comes down to they found that sending out checks to 85% of the population doesn't really work it causes a whole bunch of issues like inflation supply chain issues it causes all kinds of issues for a very long time but rather sending out $2,000 on a monthly basis for a few months again a few months being specified as anywhere between 2 and 5 months to anywhere between about 50 and maybe 100 million people at most actually has a much higher effect now let me share with you the details of what they found with this they broke down different groups of people into three categories and they identified it as MPC marginal propensity to consume that's what that means so that's the very smart way of saying if we give somebody money how fast do they spend it so they broke down these people into three categories okay so they broke down these people into three categories low MPC medium MPC and high MPC now let me share with you what they found someone with a low MPC is generally someone with a high income these people are not what they want so sorry High income people you're out of here we don't want you what they found from this is that high income people have a low MPC in other words if you give a high-income person $2,000 what do they do with it they're like a squirrel they stash it away hiding it away for the winter like a bunch of nuts right you get that so my point is they found that high-income people are not the ones they want for ongoing monthly checks or even checks of any kind because they don't do what's desired with this money remember the purpose of stimulus checks what is the purpose of stimulus checks so we can go out and buy a bunch of stuff we we don't need well maybe that could be the purpose but no the purpose of stimulus checks is actually to spend it that's the purpose a lot of people have this wrong idea thinking oh we're supposed to save stimulus checks no we're not think of the idea here stimulus checks are for stimulating the economy that's literally what they're for that's why they're called EIP economic impact payments because we're supposed to impact the economy with the payment that's literally what they're for it's not supposed to be saved it's not supposed to be hoarded it's not supposed to be invested it's not supposed to be cashed out and put under your mattress it's not supposed to be used to pay down bills it's literally supposed to be used to go out to the stores and buy things that's literally what they want us to do with it to stimulate the economy when the economy is down anyway you've probably heard me talk about that before in another video so I don't need to elaborate on that too much but they found that low MPC or sorry low MPC people are high income people that generally do not spend the money fast if they do it's a very small percentage of it and they usually hoard it or pay down debt with it wrong answer that's not what we want right we do not want these people to get $2,000 checks because they won't fulfill the purpose of the money which is spending it however medium MPC people what do we find with them they spend a little bit they do some dabbling around they save a little they invest a little they pay down some debts they spend a little it's not really good and it's not really bad medium MPC people don't really accomplish what we want either they don't fulfill the purpose of checks in the form of stimulus they don't do it so as a result medium MPC people again sorry you're not what we're looking for here however what they found is that people with a high MPC Bingo here's what we want let me explain the details of a high MPC person someone with a high MPC is actually someone who is generally lwi income or fixed inome what they found is that this person generally takes the money and spends 80% of it within 10 days in other words if someone were to get a $2,000 check and they are high MPC the statistics show that they would spend 80% or what is that $1,600 within yeah is that right the statistics show that those with a high MPC would spend 80% or $1,600 of a $2,000 check within the first 10 days with the remaining $400 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally low-income or on fixed incomes are precisely the type of people they want to Target the study highlights that during the stimulus check distributions between 2020 and 2021 nearly a trillion dollars was sent out to 85% of the population as a result we've been facing supply chain issues massive inflation and other economic challenges while not all of these issues are solely attributed to the stimulus checks they likely played a significant role going forward the study suggests that instead of sending money to 85% of the population focusing on ongoing highly targeted $2,000 payments to high MPC individuals over a few months perhaps 2 3 four or five months would have a better effect this approach would cost less around $400 billion Which is less than half of what was spent earlier by targeting 20% to 30 3% of the population the same economic impact could be achieved stimulating the economy by spending money on goods and services rather than hoarding saving investing or paying down debts and bills spending money in the economy to buy goods and services is stimulative which is the desired outcome of these stimulus checks the study emphasizes that sending out checks to a highly focus group of people rather than a blanket distribution would avoid the supply chain issues supply and demand imbalances and inflation that we've seen in recent years this approach would not only stimulate the economy but also support low-income individuals who need the money especially as prices continue to rise the report is enlightening and informative and I agree with its conclusions sending checks to 85% of the population is not a good approach as many of those recipients do not need the money there's a big difference between need and want so while this this approach might not be welcomed by everyone it's important to recognize that not everyone may receive these targeted checks as of now no $2,000 ongoing monthly checks have been approved however this study provides a valuable insight into the potential effects of such payments in the future in summary the broad distribution of checks like those we saw a few years ago isn't a good approach we've seen the negative consequences such as too much money chasing too few goods and services driving up prices and exacerbating supply and demand issues this study suggests a more focused approach which could avoid these problems in the future I hope this helps you understand the study's findings I found it very fascinating and wanted to share it with you who knows what will happen during the next major economic contraction or recession but this study provides some valuable insights into what could be done differently please enjoy your day and if you haven't already please subscribe down below it's totally free share the video this is promising a $200 Social Security increase plus an additional $2,000 stimulus check including people on Social Security SSI SSDI VA beneficiaries and people on retirement are RB today in this video we have new information regarding the promising Bill and a new report if you have a lower or medium income you are more likely to receive received the stimulus check if you are in this category it's worth looking at the details this money could be used for a variety of necessities and it's clear that the money would be put to Great use I have all the details right here in this video make sure to subscribe to our Channel and turn on all the Bell notifications let's get right into the details let's take a look at each of the proposals the potential for the stimulus check who could be included what type of stimulus check it could be when it might come out and why the government will be issuing it in this scenario also how much the stimulus money could be and when you might receive it we have all the details and I'll be breaking down all the questions and speculations right here in this video now in the event of a stimulus check the Federal Reserve looks at the economy to determine how much stimulus is needed to help people recover the the money is then printed and pushed into the economy one thing to note the Federal Reserve provides stimulus money not out of kindness but because they know people will spend it which is the best way to get the economy up and running again the main intention is