🎉Good News Social Security Increase Announced!💵 Social Security Checks Going Up? for SSI, VA, SSDI ?

Introduction: Upcoming Social Security Increase Please Subscribe down below thank you so 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 How COLA Is Determined 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 The Latest Inflation Data 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 Potential COLA Estimate: What to Expect 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 Real Dollar Impact: How Much Will You Get? 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 $1 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 rece 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 . Ongoing Inflation Trends 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 What's Next: Upcoming Data Points 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% 2.6% or 2.9% rather than a potential Final Thoughts: Preparing for the Increase 0% I highly doubt it will be zero in ation 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 Outro: Stay Tuned for More Updates 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 a 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 benefit iary 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 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 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 offici IAL 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 $100 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 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 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 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 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 zer % 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 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 one $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 $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 per 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 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 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 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 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 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 2 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 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 check 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 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 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 draging 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 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 with 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 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 back in 2021 we got $1,400 a total of $3,000 $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 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 $22,000 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 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 therefore 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 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 $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 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 statistic 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 lowincome or on fixed incomes are precisely the type of people they want 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 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 $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 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 $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 $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 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 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 $22,000 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 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 send 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 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 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 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 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 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 formative 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 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 $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 Poss 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 sing 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 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 Cas 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 three 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 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 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 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 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 $11,600 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 ual 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 econ e 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 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 the 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 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 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 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 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 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 five months something like this a very short specified period of time but $22,000 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 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 $22,000 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 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 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 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 four $0000 spent over the following month this is exactly what they want the study continues to find that high MPC individuals who are generally lwi 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 ISS isues 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 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 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 quar order 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 worth 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 inrease 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 $11,000 monthly benefit applying a potential 2.6% raise 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 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 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 discussing 20 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 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 Poss 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 20 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 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 Ed $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 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 but rather sending out $2,000 on a monthly basis for a few months again a few months being specif ified 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 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 Ulus 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 20121 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 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 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 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 monthly checks specifically focused on Malone 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 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 used $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 depend 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 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 some 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 for 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 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 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 unfixed 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 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 the latest numbers are in and Social Security benefits will be increasing by this amount if all else stay 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 and it'll get you within about a dollar a 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 $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 big 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 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 senior 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 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 80 5% 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