Social Security is shrinking. This isn’t a wild conspiracy or some report I got from a fringe political group, this is backed up with a report from the Social Security Administration that details exactly how this is going to happen, when this will start happening, and who will be impacted.
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⭐⚠️⭐Please read this⭐⚠️⭐
⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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Social Security Benefits Are Going Down 😲📉
For many Americans, Social Security benefits are a crucial source of income during retirement. However, recent changes have led to a decrease in these benefits, leaving many retirees struggling to make ends meet.
One of the main reasons for the decrease in Social Security benefits is the rising cost of living. Inflation has been on the rise in recent years, leading to higher prices for goods and services. As a result, the purchasing power of Social Security benefits has decreased, making it harder for retirees to afford basic necessities such as food and housing.
Another factor contributing to the decrease in Social Security benefits is the aging population. With more people retiring and claiming benefits, the Social Security system is facing strain as it struggles to meet the demands of a growing number of retirees. This has led to cuts in benefits in order to ensure the long-term sustainability of the program.
Additionally, changes in government policies have also had an impact on Social Security benefits. In recent years, there have been efforts to reform the Social Security system in order to reduce costs and avoid insolvency. This has resulted in cuts to benefits for some retirees, further exacerbating the financial strain on those who rely on these benefits for their livelihood.
The decrease in Social Security benefits has left many retirees feeling frustrated and worried about their financial future. Some are being forced to make difficult decisions, such as cutting back on expenses or finding additional sources of income. Others are turning to social services for assistance, further straining the already burdened social safety net.
In order to address the issue of decreasing Social Security benefits, policymakers will need to come up with solutions that ensure the financial security of retirees without placing undue burden on the government. This may involve increasing funding for the Social Security system, implementing cost-saving measures, or exploring alternative sources of income for retirees.
In the meantime, it is crucial for retirees to be proactive in managing their finances and planning for the future. This may involve seeking out financial advice, exploring ways to supplement their income, or making lifestyle adjustments in order to stretch their Social Security benefits further.
While the decrease in Social Security benefits is certainly concerning, it is important for retirees to remember that they are not alone in facing these challenges. By staying informed and proactive, retirees can navigate these changes and ensure their financial security during retirement.
Get a customized Social Security filing plan. Start with a complimentary 15-minute consultation with my team of Registered Social Security Analysts https://www.devincarroll.com/consult-with-RSSA
Mine went down almost $100.00
Question sir, Is it illegal by the federal government for me to receive my social security paper check by mail.
How so ? when people that have 401ks through companies they work for are crashing? do you pay any attention to wall street and the markets sir! you should!, people are losing their retirement funds left and right.
Take it out of welfare then they never go broke in there account. Last week you said a 8.5% increase
Nothing but a lousy commercial, from someone else trying to get into our pockets.
Congress literally does not care about seniors . . . they KNOW benefits will need to be cut in the early 2030s if they do not raise the cap substantially and/or increase the tax itself. They are just sitting on their hands or, worse, they are trying to pass off Social Security as a "freebie" that needs to be cut (that's you, Rick Scott). It's not a freebie. We all pay into it our working lives!
How can that be work they take you revive
I already pay tax on half my social security!
This money we pay is not owned by the government! That’s OUR MONEY the fucking government STEALS FROM US!
The GOVERNMENT has NO AUTHORITY to give OUR TAX WITHHOLDINGS to anyone accept the people who’ve paid into the system! This is BULLSHIT!
If Government can be paid $178,000 a year so can we to working-class people
The working classes as not going to keep falling for this b***** okay if you want a war going to start one and it's going to be a bloodbath that you can't stop
Greedy government wants to take your money so they can have the high price homes and cars
Stop paying a present $400,000 a year in government workers stop paying the presents 400 thousand a year and the government workers
Let me put it this way slavery has never stopped you will always be a slave to the government
This is organized crime in the government people
Read a working-class already paid that text are we being robbed by the government again
I came to America 3 years ago and I'm 63. How do I apply for and get a Federal welfare check each month? My family could use the extra money for Social security!
All they need to do what they have always done, raise the cap and it will never run out!
2 reasons, 1 the government keeps stealing from the fund and 2 we are giving money to illegal aliens who have never paid into the system
Social Security was a scam from the get go. CRIMINAL!!!
Let's buy them another round of drinks, on the job, you would be fired anywhere else, replace the alcoholics running out country, sad times in America, replace them all.