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#socialsecurity #ssi #ssdi
In today's video, I discuss inflation, which is hurting those on fixed incomes such as SSI and SSDI the most. Reportedly, there are many seniors on fixed incomes that have resorted to eating cat food due to the rising cost of food and low benefits from social security. For years, social security beneficiaries including those on SSI and SSDI have received a low amount of money due to the cost of living adjustment not keeping up with the real inflation and costs they were facing, but in 2022, things have gotten even worse with rising costs. Luckily, the cost of living adjustment should boost payments for social security, SSI and SSDI for 2023, but until then, a $200 per month increase for social security is very well needed. There's currently a proposal called the Social Security Expansion Act which would give social security, SSI, and SSDI a $200 per month boost in benefits, but until that passes, it'll be tough for those on fixed income social security to get by. Other than social security and inflation, I also discuss the stock market and Bitcoin.
