The COLA, which is tied to the Consumer Price Index, aims to ensure that the purchasing power of those on Social Security is not impacted by the year-to-year price increase caused by inflation. This video pertains to Social Security Beneficiaries, SSDI Benefits, Social Security retirement, SSI, supplemental security income and VA Beneficiaries in reference to the $200 per month Raise that was brought up in early 2020 from a handful of senators.Please make sure to subscribe and share this video with your friends, family, social media and check out any of the other videos here on the channel#SSDI #SSI #SocialSecurity #Elderly #Seniors #Benefits #Raise #Money #Lowincome Join this channel to get access to perks:https://www.youtube.com/channel/UCYqOP98j1cPqLzN2-AAgsHQ/joinFREE $30 here: https://www.rakuten.com/r/BLINDT32FREE Stocks Here:https://act.webull.com/te/rtYUM4U86HxG/t1j/inviteUs/Shop Amazon Here:https://amzn.to/2UjdFCzMusic in this video is complements of:Diamond Eyes - Stars***Disclaimer*** All the material in this video is for entertainment purposes only and is not financial, legal, accounting, investment advice, or advice in any way. You can learn more about the ways we protect your personal information and my Social Security account here. Kirsten Gillibrand (N.Y.) and Cory Booker (N.J.) as well as Reps. Alexandria Ocasio-Cortez (N.Y.), Jamie Raskin (Md.) H\An@E"DB;$ C4~D$~Evw?]p N]-v47zxLCVU.^^xswv8,m]rw7{7C?[\z|]w!u+%e nBSEVzM*}{5.;?uE%V'xK_/K)\\Kr ^za^X/!O1=/\s %8S3*JgYtV8+JOMfiiiiiiiiii1Cl9rg321fb!c&L<33~9i1r LEUe j Social Security COLA 2022: How Much Will Benefits Increase? - AARP As GOBankingRates previously reported, the Social Security Expansion Act was first introduced on June 9 by Sanders and U.S. Rep. Peter DeFazio (D-Ore.). Failing to increase or suspend the debt ceiling could lead to the U.S. government defaulting on its debts for the first time, which could shock the global economy and permanently call into question the full faith and credit of the U.S. government. This means it would be unable to meet its full obligations and would like only be able to pay about 75% of intended recipients. The 2022 COLA is the largest increase to Social Security benefits since the 7.4 percent . Right now, a Wall Street CEO who makes $30 million pays the same amount into Social Security as someone who makes $160,000 a year. Our job is to expand Social Security so that every senior in America can retire with the dignity that they deserve and every person with a disability can live with the security they need.
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