63.6% increase, your Social Security, SSDI, SSI checks
In this video, we are discussing a 63.6% increase to benefits administered by Social Security and we are also comparing this over the last 20, 25, or even 30 years. We are discussing the differences in benefit increases over this amount of time compared to the actual increase of price as identified by inflation and price increases. Each year Social Security announces an annual cost-of-living adjustment or COLA increase which is determined by inflation of the third quarter year over year. However, we are looking at all of the increases announced by Social Security over this amount of time compared to actual increases in price due to inflation, we are discussing those differences here in this video and what this means for fixed income beneficiaries as we continue to see that Social Security checks are continuously falling behind. this is a Social Security update, Social Security check update, Social Security check update today.
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