[Music] benefits are about to increase for Social Security including SSI and SSDI recipients we are going to break down each and everything for you but first watch this it's taking its toll Social Security is no grab bag giveaway but benefits that you've earned you paid into with their own sweat and toil without aggressive action Teeters towards insolvency yes you have heard it right Social Security benefits are not a relief not an aid it's an earned benefit and you know what things are changing for Social Security recipients because we finally have the numbers when it comes to your yearly increase look at this increasing Social Security disability benefit checks it includes SSI SSDI and General Social Security receiv I and here are the current projections yes we are going to get into the details of this very important update that we have finally received we've been waiting for this numbers for quite a long time and we finally received these very very important numbers we are going to break down each and everything for you in this very important video and that's why we request you to please watch this video till the end and before I get into the details I have a little request to please smash the like button on this video as it helps this video and the channel as well so we are not going to waste any time right here let's get into the details and see what do we have for you increasing Social Security disability benefit checks here are the current projections the recipients of assistance program are one sector that is particularly susceptible to the consequences of inflation so Social Security beneficiaries especially those who qualify for disability benefit programs receive an annual boost to keep up with inflation the Social Security Administration uses the cost of living adjustment Cola to determine how much of a monthly benefits will increase every year remember that we are going to show you a very important video from the Congress floor where Bill Pascal said some astonishing things that shocked everyone so we request you to stay with us till the end of this video to watch that very important clip as well moving on with the details the latest projection for the Social Security disability benefit checks increase is finally here well remember that also includes SSI means supplemental security income Social Security Veteran Affairs disability and SSDI recipients following a 5.9% increase in 2022 the cost of living adjustment reached a 10year high of 8.7% in 2023 and here comes the 2024 the 2024 adjustment was was only 3.2% though the experts predict that inflation slowed down even more in 2024 it could decline much more in 2025 in July there was a 2.9% increase in the Consumer Price Index for urban wage earners also known as CPI W when compared to the same month the previous year as per the latest information from the Census Bureau the statistics AIDS analyst in providing an estimate even though the Social Security Administration will only issue the official Cola rise in October the senior citizen league and nonpartisan group predicted the cola would roughly be 2.57% in its most recent report this is 6% less than their estimate of 2.63% from the previous month now listen to this very carefully and this is very very important well the prices of grocery are up by 20 1% according to our report and the increase in Cola that is cost of living adjustment known as the CPI W as well CPW is the metric that is used to measure the cola every year that is outdated from past 53 years it's just saying that inflation is up by 2.63% which is quite shocking to see because the grocery prices are up 20% increase is going to be 2.57% for what other things social security beneficiaries will use their payment for well yes you heard it right these numbers are outdated because they are not parallel to the inflation and a lot of experts are saying that these inflation numbers are madeup numbers because the election is near so the current party that is in power right now they want people to know that inflation is not here well let us know in the comments below what you think about it and do you think the inflation is here and people are struggling are you struggling If you're receiving Social Security SSI SSDI and Veteran Affairs recipients let us know in the comments below one more thing that we would like to tell you that there is a very important bill from Bernie Sanders and he proposed a $2400 increase in Social Security SSI and SSDI benefits for a whole year means $200 increase every single month if you support that then write in the comment section I support this $2400 increase remember we have so much to tell you in this video and we also going to show you a very important clip from Bill Pasquel from the Congress floor with his very important views about social security and some proposals that will reshape Social Security forever so first let's get into the details a bit more and then we will show you that video so please stay with us till the end of this video on the other hand Alicia Manu the director of Boston College Center of Retirement Research expressed greater optimism estimating that adjustment would be in the range of 2.6 to 2.9% an even higher estimate was provided by three ready wife president of retirement and income Solutions at Principal Financial Group who predicted that 2025 Cola May range from 2.75% to 3.25% if the cola is at least equal to 2.9% inflation rate beginning in July the monthly increase for Social Security retires would be $54 only you heard it right only $54 for survivors it would be amount to $44 per month recipients of Social Security disability insurance SSDI would receive an additional $45 per month do you really think that this is enough let us know in the comments below or do you support the $200 monthly increase from Bernie Sanders while your views matters a lot now it's time to show you this very shocking clip from Congress fler from Bill pasel who said some words that shock the entire social security Community as well as the Congress as well so let's watch it together and then we'll come back and break it down for you Social Security is one of our nation's greatest success stories indeed it is and after 86 years Social Security still stands as a monument for decency for dignity and hardworking Americans absolutely we talk about them a lot talk about the middle class talk about the poor and that's what we do we talk a lot about it absolutely yet throughout that story history social security has been been under attack absolutely that's what he said social security has been under attack and it doesn't mean that it's attacked by some enemies it's attacked from its own people yes because social security benefit hasn't been changed in the past 53 years and this is indeed very painful and shocking at the same time for millions of Social Security recipients who are close to 70 million so let us know in the comments below what do you think about this whole situation by the way if you're new to the channel then let us tell you that right here on credit wild Channel we upload videos every single day for you which will allow you to know about social security SSI SSDI Veteran Affairs real retirement food stem and every state and federal benefit that can give you the money for yourself and your loved ones so if you're interested then please make sure to subscribe to the channel and click on the Bell icon that's how you'll be able to get the notifications of our videos every single day well thank you so much for all of your love and support we will see you in the next video very soon till then please take care and have a nice day