$200 Benefit Raise, $1,400 Fourth Stimulus Check for Social Security, SSDI, SSI, Low Income

0
$200 Benefit Raise, $1,400 Fourth Stimulus Check for Social Security, SSDI, SSI, Low Income
Advertisements

$200 monthly benefit raise, plus a $1400 fourth stimulus check specifically focused on Social Security, including retirement, disability, SSDI, survivors, SSI, VA, and RRB. I have all the details and what you need to know right here on this topic. All right, now, this is a really good and important question that I’ve seen down in the comments section a number of times here over the last couple of weeks. Some of you have been reaching out, saying in the event that they do actually apply a $200 per month raise as a result of that new proposal that was introduced by Bernie Sanders and Elizabeth Warren.

If they actually do that, will this actually allow us to still get a $1,400 specifically focused stimulus check? That’s a really good question, and I want to talk you through all the details about this because we need to understand all the parameters and any money that is possibly available to us as a result of everything going on right here, right now. So let’s get into it and discuss all these details. However, really fast before we do, thank you so much for visiting our site.

I’m here for you each and every day as your one and only daily advocate to help you out in any way that I possibly can, as well as keeping you updated with everything going on right now during this very busy time while things are changing very rapidly, especially as it pertains to money, benefits programs, reform, new bills, raises to benefits, money checks, and so much more that continues happening right here, right now. let’s get into it and discuss this very important topic and the very important question that many of you have been wondering. All right, so let’s take a step back here for just a second and discuss all the details around what is currently going on.

Yes, not that long ago, a few weeks ago, we did get that new proposal that was introduced out of Bernie Sanders, Elizabeth Warren, and some other key Democrats who came out introducing a $200 per month raise to benefits, otherwise known as a $2,400 raise, throughout the course of the entire year for millions and millions of Social Security beneficiaries. Now, this is not the same proposal that was introduced about two and a half years ago in early 2020. No, this is a completely separate one. So the one from about two and a half years ago, I would say, is gone. However, this is a brand new proposal that was introduced, like I said, by Bernie Sanders, Elizabeth Warren, and a few key Democrats not that long ago, just a couple of weeks ago.

It is called the Social Security Expansion Act, and again, it calls on an extra $200 per month every single month, indefinitely. In other words, forever. Or $2,400 throughout the course of the entire year for millions and millions of Social Security beneficiaries. Amazing, right? Yeah, pretty good stuff.

However, some of you here in the community have been wondering now in the event, is that they actually do implement this $200 per month raise for all of these millions of fixed income beneficiaries. Would that mean that we’re no longer eligible for a $1,400 stimulus check or a fourth stimulus check? Whether it happens to be 500, 600, 800, 1,000, 1400, 2,000, possibly more or possibly less? Would it make us ineligible to get that extra fourth stimulus check? That’s a really good question.

So you might be wondering, if they’re giving us an extra raise going forward, does this mean that they think we have all kinds of money now and we’re rich? Well, no. However, in the eyes of Congress, who knows what they think, right? Clearly, they think a lot of different things than we do because they think it’s appropriate to live on $841 a month or $900 a month. Yeah, I think all of us here in the community would like them to try to do that on their own, right?

But we can talk about that in a separate topic. I don’t want to get off on some rant right now talking about how Congress and how they should maybe drop their nearly $200,000 salary and maybe try to live on less than $1,000 a month. Anyway, let’s talk about that in a separate topic. Otherwise, I’m going to get carried away here. But I think all of you in this community probably agree and know exactly what I’m talking about here.

All right? So let’s quickly get back on track here and talk about in the event that they do implement this $200 per month raise to benefits, would this also make you eligible for a $1,500 stimulus check? The simple answer is yes, by all means. Absolutely 100% yes. And here’s why.

These are two completely separate things, okay? A permanent raise to benefits is very different than a one $400 stimulus check, okay? The purposes behind these are very different as well. So a $200 per month raise is virtually to raise benefits to or closer to the federal poverty line, to help a bunch of individuals out and to raise their monthly benefits indefinitely going forward. So that’s kind of the purpose behind a $200 per month raise is ultimately to raise people up to or very close to with the federal poverty line and to kind of help them out going forward with their permanent benefits.

Because like we just said and as Bernie Sanders was saying as he was presenting this, it’s pretty tough to live on $800 a month, 840 a month or $1,000 a month. Basically, Bernie Sanders was saying it’s very difficult, almost impossible to live on less than $10,000 a year. Well, guess what? SSI 841 a month is basically $10,000 a year. And Bernie Sanders was acknowledging it’s virtually impossible to do that, right?

And I think many of you here in the community probably agree with that. All right, so anyway, so the ideas behind that as far as raising benefits by $200 a month, is a completely different objective than what it is to send out a stimulus check. Now, remember, a stimulus check, let’s remember for just a second here, what is the purpose behind that? The purpose behind a stimulus check is literally to stimulate the economy. That’s what it’s for, okay?

That was the purpose from day one back in early 2020 when we got the first one. That was the idea back in late 2020 and early 2021 when they gave out the three stimulus checks, the $1200, $600, and $1400, the whole idea behind that was exactly that, stimulate the economy after things were closed down for so long, well, a couple of months worth or whatever it was. And then things started opening up very slowly. Basically, the economy was in a kind of a dire situation, so they said, let’s send out these checks. Let’s get the economy pumped back up relatively quickly here.

Give the money to the people. And they know that if they give the money out, most of us will go out and spend it. Well, that’s exactly what happened. And then we got into a very high inflationary time that we’re currently in right here, right now. So anyway, the purposes behind these are very different.

So the simple answer is, in the event that they do implement a $200 per month raise to benefits, then yes, by all means. If they do actually implement, and if they do actually approve a fourth stimulus check, then by all means, yes, absolutely, you’d be eligible for both, because the purposes are completely different. One is to raise benefits up to a higher living standard, as in closer to the federal poverty line, which is the $200 per month raise, and the other objective is to stimulate the economy. So, yes, by all means. And one more thing I want to throw out there really quickly as well.

Remember, all of this is based on income, right? When it comes down to the stimulus checks, it’s all income based, right? So that’s how they determine eligibility is they say anybody with an income $75,000 or less will get a check. Any married couple with an income less than $150,000 a year will get a check, right? So remember, it’s all about income when it comes down to stimulus checks.

That’s what they look like for eligibility. Well, if you’re receiving something like Social Security retirement or, say, SSDI or SSI or VA or any of these other benefits in general, is your income less than 75 grand a year as an individual or 150 150 thousand dollars as a married couple, I’m going to say in general, yeah, your income is probably below these levels. Okay. So for the vast majority, like a huge percentage of people receiving benefits, yeah, this is going to be the case. Right now the only exception to that would be maybe the rare instance of somebody receiving Social Security retirement benefits working possibly full time after the full retirement age and earning a pretty big income.

Right. That might be one exception to the rule, but that’s like very rare. Okay. It’s just not really that all that common. Maybe some people, a very small percentage of people, but that’s just not the case for the vast majority of people.

So remember, it’s all income based when it comes down to stimulus checks and when it comes down to the permanent raises for benefits, for the $200 per month raise, that comes down to basically living the raising the standard of living as far as raising incomes and helping people out with a better standard of living going forward. That’s what it comes down to. Make sense? So I know it’s a lot of complicated numbers kind of running around in circles here, but at the end of the day, I hope this kind of makes better sense. As far as a $1,400 stimulus check and a permanent raise of $200 per month, the purposes are completely different and the ideas behind this are completely different.

The legislation behind this is completely different. So at the end of the day, yeah, by all means, if they do approve both, then by all means you could be swimming in cash, right? If only that would be true, right? Life would be good these days if everybody could be swimming in cash right now, especially the low-income and fixed income. We don’t even need to swim in cash.

We just need enough to get by and enough to actually make our lives a little bit easier right now during this time where inflation is virtually taking every last penny we have. So, yeah, it’s tough out there anyway. I’m here for you in any way that I possibly can be. share the topic with your friends, family, and on social media.

 

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here