Have you done the math? this 'BIG' adjustment @ 6.2% is ONLY $ 93/mo on and IF you get $ 1500 SSA now! So: 1500X.062= $ 93/mo. 93X12= $ 1116/YEAR! EXCITED ARE YA? DON'T SPEND IT ALL IN ONE PLACE!!!!
All of it and then some! Every year our medical deductions( for our plans) annihilated all and then some plus prescription prices were more than the raise and I don't care what they say grocery prices always were much more than the raises! If they gave a 50% increase we wouldn't catch up!!! It's sad that they treat disabled and retired people( except themselves( government employees)) theirs have skyrocketted, it's FN B.s.!!! 🙏🇺🇸👊✌Always worse when Democrats are there because they raise taxes more than that too, it's why I'm X DEMOCRAT and always will be especially after this election stuff!!!🙏🇺🇸👊✌
not mine. last years medicare went up $3.90. this year probably $7.50 to $10.00. i'm figuring a net raise of $100 plus my va disability goes up another $189 so that gives me around a $289 monthly raise....plus my pension of course which will not go up.
You can thank Joe Biden for that! He voted for taxing Social Security two different times in his long career looking out for our country! He's been cheating and stealing from the American people his whole life!
The Democratic Party voted to tax social security 1983. You can google that date. Biden voted twice on taxation. Then they decided to borrow from the SS program. Now, they spent our hard earned money into bankruptcy.
@@kathylarson8876 in my case property tax, my senior COLA raise was $12 a month this year my property tax was raised $33 a month because I kept my yard looking better than our neighborhood?
Seniors are always left behind. They need to adjust the Social security. People work all their life's and pay into this. Don't make the Seniors suffer!
Seniors are a waste to them. A dead end and good for nothing except taking for nothing as they see. They love the young cause it's an income in the bank!
So here is what I want to know. Let's assume 1341 min benefits is sign by Biden. Currently, I'm 63 FRA 66 and 8 months. I plan to file SSB at age 64. Now for me to received min benefits of 1341 That would mean my FRA benefit amount would have to 1871. I also assuming that SSA will raise my FRA to meet Biden SSB min. Currently, my FRA is 1579. 1341 would be the amount I would get if I file at age 62 but I'm 63 now. My question is and I have done the math at age 64 my SSB 1537 and now that is without the 2022 Cola. Do you agree?
@@thebootielover consider your self lucky if doesn't get to late filing at this time. As for others filing early paid off during the pandemic but still not enough. I only get 720, it's the people like us that need help. Living on this budget like this is hard waiting till the next month. With rent, utilities and essentials you don't make it in this era!😫
The problem most people dont seem to understand is that SSI and SSDI and SS was never meant to be lived on..it was a program to help with your retirement..Not be you sole income at retirement.............
Yeah Pete that's true it was never meant to be lived on but people on SSI that is a setup for failure if you don't stay disabled and you don't walk the tightrope that you're on during that time you are screwed and I can only imagine being on SSI and being so sick and losing it because you have to have Medicaid you got to imagine that just imagine that how quickly you could be in the street and die yeah you're right it was never meant to be lived on but you know what that's that's not enough to even live on buddy so you need to get that straight in your head man that ain't living that's existing is all it is you might as well go out there by the river and shoot yourself in the head and fall in the f*** that's the way I feel sometimes it's ridiculous and that's what they're wanting that's what they're hoping the ones that are just barely hanging on they want to flip you over in the river like dead like a dead dog or something
Even with a raise at that time when that happens everything around you will go up to so you're really not going to feel any kind of cushion at all from a raise if you got Medicare I'm sure your premiums and everything's going to go up medicines are going up everything else is going up so there you go it's just a hope to hang on to your ass a little bit longer that raise ain't going to do a damn thing for real it ain't going to do s*** it may help a little bit but it ain't it's just going to get sucked up like it all the rest of it so what's the big deal if they're going to give you some help give you some real help
@@davidclements1492 Yes but its not the governments fault that anyone is sick or disabled.....They give you help which is better than nothing....And most if not all people on SSI get free medicaid insurance which pays everything...Which is a huge deal..
When the social security administration only gives a $20 increase,it doesn't go very far.The increase should be at least $100 regardless what the CPI index is.Too many seniors depend on social security to survive,they are too old or too sick to keep on working.Most seniors would love to keep on working than to depend on social security.
I payed into this over 40 years my wife passed kids are grown they give me 16 dollars food stamps a pound of bolling is 6 bread is2 milk is 3maybe some cheese and it's gone that will last 4 days it just not fair we give money to foreign countrys.
The way things are going with the cost of gas and food and everything else still going up. The elder and the VA and SSDI and SSI and social security can't afford the high cost of everything going up.
I feel bad for everyone who is low-income on ssdi ssi VA ss if they don't help u as some people will be homeless again I do thank God for what he did purfide for us at that time I got to be able to pay utilities and able to by food and must confess a bed to sleep in lol
@@lisawilkinson1820 pray and tell God how He blesses you. Make a list if it would help. I thank Him for the food and water he supplies for me, also each and every one of the breaths of air that I take. I thank Him for my family etc. Then tell Him what your needs are. If you have accepted Jesus as your savior, God will help. Be honest with Him. May God bless you so much that you can't stand it anymore!
People on these benefits need a raise in their monthly checks. With this inflation on food, gas, utilities, and other things an increase is beneficial for all who need it. Everything is so expensive. Please help the Seniors. Blessings.
I'm not on Medicare myself but I've heard that when we get raises in our benefits the medicare takes more money.I do know that whenever we see a raise they take from our food stamps allotment.And Us seniors are getting forgotten in many ways while families be getting all kinds of extra stimulus help.Who the hell told these ones have ten kids to have all of them.Didnt they ever learn about birth control.I mean really ,like pull the hell out at the train station or keep your damn pants on in the first place.
So here is what I want to know. Let's assume 1341 min benefits is sign by Biden. Currently, I'm 63 FRA 66 and 8 months. I plan to file SSB at age 64. Now for me to received min benefits of 1341 That would mean my FRA benefit amount would have to 1871. I also assuming that SSA will raise my FRA to meet Biden SSB min. Currently, my FRA is 1579. 1341 would be the amount I would get if I file at age 62 but I'm 63 now. My question is and I have done the math at age 64 my SSB 1537 and now that is without the 2022 Cola. Do you agree?
I see social Security recipient who get $500.00 per month and living in the street is so sad that in the USA government does not care. While milloners get richer and don't pay taxes older americans live in shelters or in the street is this America the beautiful? People who has mental issues is the same thing, where can a person live at this time with $600.00 per month? These 2 categories are forgotten and no one cares we all look the other way.
Martha God bless you to acknowledge all that you are so right it makes me sick too I'm not far from losing my place I get 795 794 a month and it's gone every bit of it's gone my rent's 500 a month and the rest of it goes on my monthly telephone which is $55 a month and the rest of it goes out and paying taxes on crap you got to have like toiletries and everything like that and my medicine if it wasn't for Medicaid I would probably already be dead and gone the medicine I take there's I'd have to have a job making 50 bucks an hour I'm a concrete worker and I'm disabled now and I cannot work it tears me apart I feel like I'm such a loser I try to stay focused on the Lord as much as I can to help stay out of my depressed state of mind but anyway you're so writing what you're saying honey and God bless you and you have a great day dear
The Constitution does NOT allow for financial support for anyone. The Constitution allows everyone to start out equal, and gives each person an equal field of play, no advantages to any one group!
Martha honey they been doing that for years if you were her starving to death or thirsty in the street then walk right by you it wouldn't even look you in the eye believe me I've been there and done that I was homeless for 12 years they wouldn't spit my mouth if I was dying of thirst they wouldn't s*** my mouth if I was dying of hunger I've gave up completely on mankind especially Rich folks cuz they don't give a rat's ass about you I'm sorry to be so rude with the words but that's really what it is it's nasty it's a nasty world we live in it's because that people don't believe in God anymore you know it and I know it God bless you dear
Looking at that I consider myself very fortunate, I am so sorry for those struggling, in the richest country this a scandal. My opinion is what you were making per hour while you were working should be what you get from SSI.
They need to give us the raise we suffer every month not enough of food not enough to buy the supplies that we need and the gas prices are. Going up to fast
@@ceelovely6812 Vote DEMOCRATE I like the DEM because they raised the cost of fuel, Groceries, Raising taxes and allowing millions of illegals into this country who will overrun the job market and work for less. then the DEM will give these illegals the right to vote. YOU CAN KISS AMERICAN GOODBY.
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This was promised before he became President….it should be done now….as everything has gone up so much since the pandemic started.WE the Elderly NEED HELP Now !!!!!!!!!!
Good day MR. President I have a question why is their is no problem giving people a payment for getting the shot for coivd-19 yet they're having a problem with sending us the Stimulus checks can Some one explain this.
I didn't get a penny for getting vaccinated I had no idea about getting a reward for getting vaccinated Damn I could have really used it I can't afford to rent a room
Stimulus checks are what is causing inflation..they need to stop printing money..if you voted biden ..you caused your own misery..nobody ever said he was a good business man..if I remember right..we were told biden would take America down..just what he is doing
All of the increases in SS from 2009 to 2020 were absorbed by a like increase in Medicare. Up until the increase in 2021 my SS stayed the same as when I applied in 2009.
In 1973 I was paying $125 a month a furnished bachelor on Ocean Front Walk in Venice, CA . My two week check was $130.00 . $2.10 an hour was minimum wage in 1973 What rent is today compared to the minimum wage$15.00 an hour, That's about $1900-$2000 a month. A one bedroom is around depends what area , or say a studio $1500-$2000 a month. And properties want 3x clear what the rent is. $50K just for your average studio. WHOA 🆘😷🤔
IT INCREASES MORE, HEALTH COSTS INCREASE, 'EVERYTHING', EXCEPT OUR INCOME, INCREASES, WAY OUT OF PROPORTION..CONGRESS AND THE ONES IN D.C., WITH THEIR GREEDY, CORRUPT SELVES, KNOW THIS..THEY ARE ALL IN COLLUSION WITH THIS CRAP, BECAUSE THEY THINK EVERYBODY IN THE GENERAL PUBLIC, EXCEPT THEM, IS STUPID..THERE IS ONE CONGRESSMAN THAT WENT ON PUBLIC RECORD, SAYING HE IS CONCERNED ABOUT AN ISLAND 'TIPPING UPSIDE-DOWN! NOW WHO'S STUPID? HOW IN HELL DID HE GET IN OFFICE? I DAMN SURE DIDN'T VOTE FOR HIM, LOL!
@@juliechase1886 I live on 792.00 and they are in July and August start taking 148.00 out for Medicare which leaves 644.00. I am 61 and they will not let me go to work part time untill I turn 67
July index was 5.6% Aug was 5.5% we have to wait to see Sept. then average the 3 months. ALSO, Social Security was never meant to be your total retirement income. You are responsible if you didn't plan for ANYTHING extra. Try to develop a brain cell and think!
I'm on disability they only gave us American ppl $11 increase that's nothing of yr 2020.🤦 Inflation shoulda went up higher when the first yr of 2000 kick in. The cost of living are much higher now than any other yr American ppl ever lived in. Bck around the early 70"s-80's-90's no cost of living was even high. Everything was cheap and manageable around that time. Government jus wanna keep ppl that's on retirement, SSA,SSI to stay living below poverty. Smh🤔🤦🙄
The Government can pay out an extra $300 a week above what the State pays on unemployment to millions of people for almost endless period of time with no problem but SS can only get a few dollars a month increase a year. Print some extra money for Seniors!
@@joycekennedy298 Just wait until cold weather if you use gas for heating your home you'll be hurting. Propane where I live has tripled in price since Biden took office
Here's what happened. Social Security increased cost of living at 5.9% in January 2022. Simultaneously, the government raised Medicare from $148/mth to $170.10/mth.
They work it so you all pretty much get the same amount and you don't get what you paid into it. That money was stolen a long time ago and Bill was the president who took the last of it. They couldn't stand our money just laying around earning interest. We are just pawns in the chess game.
I think it's cool that social security is letting senior citizens live off of poverty they know that we need that money and they will not give us our $200 raise that we need to get above poverty it's a shame we work all them years and now we got to live our peanuts
Extremely appalling!!! our so called advisors, state representatives, our laughable delusional & disrespectful president can turn their heads or cheeks from the elderly. Those people in administrative positions are all self absorbed, greed driven, and dehumanizing. The political arena spend our increases on airfare, private luxuries, elders need to run the administration and sterling spoon feeders, need to live like elders, vets, disabled!!!Until then the past good doers take it in the ass and live with their plastisty of our supposed representatives.. pitiful! I hope joe Biden gets a taste of dehumanization when alcohol/drug facilities turn Hunter his son away, sometimes we just can’t fix arrogance or STUPIDITY right? Get those users, liars, weak, ignorant idiots out of office. PLEASE HELP🤞👎🏻🤮🤮☮️🙏🙏🙏#️⃣SENIORS MATTER
Hope they take into account the massive inflation in Food and Fuel this time. We don't want seniors eating cat food to survive like they did under Carter. Start cutting congressional benefits first.
That's sad people in Congress don't help social security people in the United states of America.. they rather help all those immigrants folks with jobs and cars and homes and convenience stores, before they help the homeless and the social security folks..this government needs to go in this America country...
@@lullabyemoonif you think the republicans give a shit about you then you have another dam thing coming. while you trying to diss the democrats they are the ones who actually give a f***.
The most unfair thing about SS Is it is based on 3months, should be figured on 12 months. Last yr. Cola. Was 5.4% for 12months, But COLA was just 1.3% based on 3rd quarter only. Need to catch up to 21st century.
This ain't nothing but a setup for failure this whole deal is nothing but a setup for failure years ago when they started it it was for the good deal for the people that were retiring then everybody jumped on a bandwagon and said oh well I'll go get food stamps if they can and I'll get me some f****** welfare too you know what I don't believe in this s*** the only reason why I'm on SSI is to pay for a roof over my head because I'm physically cannot work anymore if I could I would believe you me I lived a lot better when I was working than I am now I'm not even living right now I'm existing I'm a pissed off son of a b**** I don't give a f*** about none of this s*** no more only thing I care about is staying focused on God the rest of this s*** don't mean a mother f****** thing to me and it shouldn't mean s*** to nobody cuz you ain't taking none of this s*** when you go in your f****** hole to rest in peace if that's what you're going to be doing so don't f****** look down on me like I'm trash I'm the mother f***** that'll stand up and defend your f****** poor ass when you won't stand up for your f****** self you're a f****** panty f****** bunch of s*** holes and the Democratic party and the Republicans ain't s*** ain't never going to be until they either get their f****** heads out of their ass to start coming together as one that's the way it was and the way it always was and this s***'s all diarrhea now and it's running out their f****** mouth that's what they got going on none of them know what to do because it's too far gone everybody wants to ruin the world everybody wants to rule the world everybody wants their f****** part of the pie but they don't want to earn it everything's earned in life you know this
I’ll believe it when I see it I live on a whole big $783.00.. I started out living on $400.00. If I didn’t have a Daughter with a good Job when I became disability I would of been homeless. I worked all my life & had to wait 8 years to get my disability.
Everytime I get and increase my rent goes up so whatever that increase is matches exactly what I get from social security and it's like I didn't get nothing so i reckon the landlords will be more than happy to see this next increase
We work all of our working years and retire then have to go back to work because we can’t live on SS.Inflation is awful right now.Everything is going up. I am glad I am older. I feel sorry for the little ones growing up.The government spends our money like drunken sailors. Hope soon they will see the light.
This "raise" has already been taken away from me by my local government through increases in my property taxes. Next up will be increases in my Medicare supplements. These increases always are more than any cost of living increase I receive from Social Security.
It is July 7,2021: We have gas prices rising at least 80 cents per gallon sense January. Rents have increased, along with the price of groceries, clothes and other goods. Yet, we will only get less than a 2% raise in Social Security, with Medicare taking a bite out of this. Whoever decides the increase does not live where I do (Ft. Worth, TX). A minimum of $1300 each month is needed to keep up with inflation.
I'm paying $720 a month for a room with no AC in Reno. They're raising it to $875 in August. How can I pay that out of $794?!! Being disabled in America sucks! $138 for food stamps? Live on ramen noodles and peanut butter being diabetic. Why don't they just put us all to death? Been waiting years for government housing. 64 and I have to work just to not be homeless. This is what I get for giving my life to God and going to college.
The only thing is that as drug costs and living expenses go up, the Part premium will also go up. Us that have qualified for our Part B premium to be paid through Medicade or SLMB programs will be in a higher bracket that will cancel any raise we get and probably actually cost us more.
@@FinancialFastLane so in other words they pick out the lowest one and use that. It's bullshit. They've changed the way they measure inflation so much over the last 30 years that it's almost meaningless. Today they don't include food and fuel. What kind of sense does that make?
@@sheilaharris5269 $200 would only be 10% if you get $2000 month . Gas , meat , ect…. has increased much more than 10% . Inflation is here already even though Powell hasn’t raised the interest rate yet . When they raise the rates it won’t be only 1/4 or 1/2 % ; it will be a significant hike to keep up with the left’s uncontrolled spending. I will have to see ANY increase of SS on the check before I believe what this corrupt administration says .
You’re allowed to make $1300/month - not affecting your SSI or Medical Insurance. If you are able to work, be thankful. You WILL have more $ and feel good about it. Much better than staying home ..”existing” on SSI
I worked in retail 20 years last working two years ago when I quit and went on Social Security I did manage to pay off a home put money in a 401k and Roth IRA I currently have regular savings no debt after Medicare is taken out I get $1069, $200 of that I put into my savings the rest I pay my bills and after that that's what I have to live on for the month. So yes you can save money working retail depends on your spending habits. And like the gentleman said earlier Social Security is not meant to be your only income .My mom's income is nearly twice what mine is with Social Security and my Dads pension but she couldn't save a dime till I started handling her money and paying her bills.
Nobody mentions that retirees are supposed to get interest on their savings, to supplement SS checks. We get ZERO interest on savings with the Feds current policy. Give seniors a special savings account that pays 5% interest.
Social Security is estimating a 4.5% COLA for 2022. For me that means an additional 48/month. Now I will be able to get that new BMW that I've always wanted.
Don’t count on receiving Social Security much longer. The head of the SS Administration in Ft. Lauderdale told me in just a few year’s there will be nothing left, and you know why!!
I watch a lot of these videos about Social Security and I've not seen one person in the comments say their Social Security was enough to live on. That's a problem if people don't get enough to live on.
Prayers president Biden lowers Social Security to 60 years old power of prayer ask and receive if you believe where there are 2 or more ask for the same thing and believe the lord is there with them and will answer their prayers. He is amazeing how he answers my prayers . Thank you lord jesus .
Sandra Garza ru talking about worker’s compensation disability check? If so it’s all up to you when you would like to retire. Can you handle or afford it to wait until your FRA?
I know a person and that's a very sad thing that gets less than 1,200 a month and this person has to pay rent phone cable food that's a shame that he says he has to go to the pantry for food and more than one pantry a week
Cost of living adjustments for Cola should include Rent for housing and unity and food costs etc. today the average SS,SSDI will not even cover the rent for housing at today’s high rents in many places are about $2,500.00 and up just to keep up with rent increases. How can someone on a $1,500.00 pay a $2500.00 rent to keep a roof over their head,and that does not even keep up with food costs. It’s insulting, what’s more insulting and disgusting for our government do is tax retirement benefits. Our Politicains are not living in the real world,and should have their government pensions stripped and have to depend on SS,SDI, and get a taste of what it feels like to struggle financially?
Thank you for adding to financial literacy. Truly unfortunate the lack of knowledge, including thinking the SSI was designed to provide full retirement income; it wasn't.
but originally, it was meant to be your only source of income. very few companies offered any retirement back then, and it was only meant for higher paid management positions. of course the govt. changed their tune later on, telling you differently.
As a senior citizen and receiving social security benefits per month. It just shows how selfish that the government is that we as senior citizen work 20 and 30 years on a job. And everyone else has receiving some type of benefits. No one cares about the senior citizen the faithful generation. On time for work raising kids in a respectable manner. And now you going to come with a chart and statistics to value our increase to value our self-worth. Only proposal no actions
Every time I get an increase in soc sec. It goes to the med insurance bill as an increase in that charge. Then I get a letter from the county that my EBT payment has been reduced because my soc sec went up. Eventually they'll starve me to death and this problem will go away.
Came up with a 5.9% increase between $60 and $90 for most. Once the -$10 for increase in medicare deduction and less for those gettng EBT ..not a whole lot left. So better but still way behind the real rate of costs raises. Should have been a flat $200 increase due to pandemic and inflation..the rich could care less.
Unemployed benefits added $300 and nobody wanted to work. Elderly did not benefit. In fact some went to work to make ends. Now families are getting $1200 a month per child a month. No $$$ for elderly. When are we going to get help.
Thank you. I think it's very interesting that the highest spending % is 24% and categorized as 'other'. What does that consist of? They SHOULD have an index based on what I am spending now vs earlier. Being of a VERY tight budget caused me to cut back on my spending - even unregistering a car, parking it, not fully insuring it and working around it, yet insurance is STILL one of my biggest expenses.
Well I am read and hear everything from 7.2% increase on down, just looking the math over I could project 8% +, but like he says we don't know what the last quarter (July, August, September) will show, nor how they may cook the books to change the math.
I moved into my own place I only get $529 a month right now and they told me I would get an increase so I was just wondering how long does it actually take to get an increase?? I sent in the paperwork that was needed so I was just wondering?
Why change the COLA? People who are 62 or older pay the exact same amount as everyone else does for anything they buy.🙄😠🙄 Anything they can do to try to make the raises be less??
Try living on SSDI. I am wheelchair bound from neuromusclur decease, I am single, try to afford rent ,utilities plus extra medical costs on $1,000 -a month.. No retirement.
I could NOT listen. The S.S. raise only hurt me. It took away my snap, my rent is increased and I don't know what other hurt it will bestow upon me. Horrible.
Thanks to grandpa Joe everything reeks inflation, good thing is people are getting to know cash/fiat is pretty much stone age at this point, it is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your funds in 2021; Real Estate, Gold, Who can guess the 3rd??
Obviously Stocks, I’m a child psychologist who hasn’t worked since December of last year, which made me start looking for passive income, I finally reached out to an advisor for help, following her recommendations, I dumped 10k all in NIO and NVDA shares and call options, Up 200k so far!!! this has literally been a life saver.
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I guess they think last years 20 bucks fixed every thing. Geez, toilet paper is close to 20$ !!! See how much they care about the people, the tax payers who pay them. Biden is not going to raise the taxes on what we owe every year, he is going to raise the tax on EVERYTHING we buy ! I am not a rude person buy this government makes me sick..🤮
I am a US Army veteran and I'm looking for an increase I'm barely making it on the money I earned I have to pay taxes every year because I get 46,000 a year have to pay federal and state taxes and that's a lot on top of I pay for rent for living in New York City I have credit card bills Con Edison for food to have basic cable it's not easy for that little bit of money to live in the city and on top of that I have to pay back taxes every year it's not fair I said two tours in the army it's not right to me I hope it is a decent a decent increase so I can maintain all these bills that's social Security and my pension is $46,000 a year that included again I have to pay back taxes state and Federal.
