Some clarification on a possible fourth stimulus check and possible raise to monthly benefits for SSI beneficiaries. All right. Thank you so much. Let’s get right into it. All right. So earlier today, if you happen to see those two topics, I posted two separate articles.
One was dedicated to talking about a potential $1,132 monthly benefit for SSI beneficiaries. More details on that in just a minute. And the second topic that I posted was talking about some new information and some headlines that I saw rolling around out there talking about a possible fourth stimulus check as it pertains to the low income and fixed income of Social Security retirement SSDI survivors, SSI, VA, and RRB. Again, more information on that in just a second.
So I thought it was only necessary for me to come back and clear things up right here in this video. All right, so one thing at a time. Let’s talk about one topic at a time. Let’s talk about the first one, the potential $1,132 per month raise, or I should say per month benefit for SSI beneficiaries. All right, let me offer some real quick clarification on this.
Number one, I saw a number of questions saying, when is it going to happen? When is it coming? I need it right now. I’m getting 841 on SSI. When can I get this extra money?
Which, by the way, that actually translates into almost $300 per month extra from where your current benefit would be right now. Here’s what I can say about that. As of right now, this new benefit number that I’m calculating and I’m giving you in that topic from earlier, which, by the way, if you haven’t seen that topic, go back and watch it. After you get done watching this one, I break it all down in that topic. I’m not going to go through all the details here, but rather I want to hit on some of those main questions and some of those concerns that many of you have had.
All right. So, number one, when are we going to get it? All right, here’s what it all comes down to. It comes down to them updating. The federal poverty line for 2022.
Remember last year in 2021, the federal poverty line was $12,880 divided out on a monthly basis. Twelve months, it comes out to $1,073 each and every month. However, as of right now, 2022, the federal poverty line has now been lifted to $13,590, a raise of $710 from annual income. Again, dividing that $13, 590 divided by twelve months comes out to $1,132 on a monthly basis. Now, remember, this is something that they want to do in the SSI Restoration Act, something that is floating around out in Congress right now.
So in the event that Congress actually follows through with a few things that they want to get done before the midterm elections, including the SSI Restoration Act, in accordance with my recent research and what I’ve been hearing, some people say out there right now, they want to get this, the SSI Restoration Act as well as the Social Security 2100 done before the midterm election. Well, that’s coming faster. I realize it’s a long time from now, but realistically, it’s going to be here before we know it. So these are a few things. And in the SSI Restoration Act, they do want to raise monthly benefits for SSI beneficiaries to the federal poverty line.
The federal poverty line as of now in 2022, is that $13,590 and $1,132 on an ongoing monthly basis? Does that make sense? So now, again, some of you have been asking, when are we going to get this? Now, again, I wish I had a solid date. I wish I had an exact answer to say on this exact date it will go into effect.
Here’s what we’re waiting for. We’re waiting for Congress to take this up and actually bring this again and actually vote on it, reform it anymore, open it up for debate, and actually get this thing done again. Like I just said, this is something that they do want to get done before the midterm elections. This would be massive. About 8 million people draw on SSI benefits every single month.
That would be huge for 8 million people. Just imagine if you’re receiving 841 right now. Just imagine what that would do to your life and your benefits. If all of a sudden you got nearly a $300 raise every single month, that’d be huge, right? We’ve talked about that previously in other videos how much you would need on an ongoing monthly basis.
And again, the numbers from that was in the range of 250 to 500 per month based on that information that I was asking many of you here in the community. So again, hope that helps you out for that one. Let’s clarify a little bit more on this next topic. All right. So the other video that I posted just a few hours ago was in reference to some headlines that I haven’t seen coming out lately.
Again, just a couple of headlines. And I even saw a couple of comments down in the comments section on previous topics from a few of you reaching out saying, is this true? It’s in reference to a fourth stimulus check. Remember, possible fourth stimulus check. Because here’s the thing.
Congress is still very slowly working on the next stimulus package, the Build back better agenda, the skinny bill, the revised bill, whatever we want to call it at this point, there’s so many different pet names that they’re giving it right now because there is no technically official name, because they’re going to rename the build back better agenda. However, as of right now, they have a variety of different names for it. But essentially, we’ve been calling it the stimulus package because that’s essentially what it is. All right. So in that topic, I talked about a potential fourth stimulus check and some of the headlines that I’ve been seeing coming out lately where they’ve been saying that if there’s a fourth stimulus check, these Beneficiaries, Social Security, SSDI, retirement survivors, SSI, VA, RRB, low income, low income, would not be eligible.
And I said in that video, hey, if you’ve been seeing this, please ignore that. That is not true. Here’s why. Because we know right now that if there is a fourth stimulus check, it is going to be highly focused on these groups that I just listed. So versus what the headlines and some of these reports are saying out there where they’re saying, no, these individuals already have a fixed income, they wouldn’t need it and they wouldn’t be eligible.
No, that is not true at all. Here’s the deal. We know that if there is going to be a fourth stimulus check, and again, if we don’t know that right now, again, we’re waiting on Congress to come forward with their legislation and see what they actually do going forward. There’s so much going on right now. It is a very weird time that we’re living through right now.
And ultimately, we are all waiting for Congress to act as we always do. Right. It’s always hinging on Congress and their legislative actions. But anyway, basically what it comes down to is some of these reports, some of the headlines have been saying, Nope, these people are getting a fixed income, they wouldn’t be eligible. No, that is not the case from everything that we’ve been looking at, everything that we’ve been talking about here on the channel for a very long time now, report after report, survey after survey, all of these studies coming out are showing that the low income and the fixed income, again, you know, the whole list of fixed income, these are the individuals who need the fourth stimulus check over anybody else.
So if you’ve been seeing that out there, don’t worry, I have the information for you. And again, the reports are telling us these are the groups that would be the ones to get it in the event of a fourth stimulus check. Now, again, there were a lot of questions on this topic as well, saying when again, I wish I had an exact date. I wish I had something to tell you. As far as an exact date, as far as when it’s even going to be coming at all, we don’t know that.
The thing we are doing right now is waiting on Congress to act again. Like I said a second ago, we’re always waiting on Congress to act. Right? They take forever to get bills done. They take forever bills to get passed.
And then once they get a bill passed, it seems like it takes forever for it to move into action, right? We’ve seen this for the last couple of years now since the first stimulus check back almost two years ago now. Right? All right. So anyway, I wanted to come back, offer some additional clarification on this.
Again, as I’ve always said in my topic, if there’s ever a time that I see a bunch of questions coming up on a certain topic or something like that, I will always make a dedicated topic about that because I want to be here for you. I want to be present. I want to bring you all the information as I’m finding it. And it’s my duty to come back if there’s some kind of miscommunication or something that I display that is maybe a little bit confusing or maybe it’s misleading. I never intend to do that. But I’m just saying sometimes I’m not perfect. Maybe I say things in such a way that are off the grid a little bit. I apologize if that’s the case. I’ve made that dedication to you and I’ve said I’ll be right here by your side and I’ll do whatever it takes to make sure that we’re all on the same page here. And ultimately, I want to help you out in any way that I can. That is why I am here bringing you this information and literally doing research all day, seven days a week. If you don’t trust me, go back and look through the articles. I literally post topics every single day on the research that I’m finding with all of the information that I’m looking through every single day. Now, one more thing. Full Disclaimer.
I did not see a single word about stimulus today. Can you guess why? Yeah, you probably know why. Again, I just hope everybody is doing well and staying safe out there. see you soon on the next topic. bye