Some Fear How The 8.7% Hike To Social Security Checks Will Affect Them

The video discusses the largest Social Security benefit increase in 40 years, affecting 70 million Americans, including many grandparents raising grandchildren. The increase aims to provide financial relief amid inflation, with an average of $140 extra per month. While some grandparents welcome the increase, others express concerns about rising costs and potential loss of other benefits like food stamps. The video highlights the challenges faced by grandparents on fixed incomes and the mixed reactions to the benefit changes. The Social Security Administration will notify recipients of their new benefits in December.

What is the percentage increase in Social Security benefits starting next year?

• 10.2%

• 7.3%

• 8.7%

• 5.5%

According to the US census, how many grandparents were responsible for their grandchildren in 2020?

• 2.4 million

• 4.0 million

• 3.2 million

• 1.5 million

What is the average additional amount Social Security recipients will receive monthly due to the increase?

• $100

• $160

• $120

• $140

What concern does Vicki Easylist have regarding the Social Security increase?

• Higher utility bills

• Increased healthcare costs

• Increased rent and loss of food stamps

• Losing their apartment

How will Social Security recipients be informed about their new benefit amounts?

• Through a phone call

• Via email

• By mail or online notification

• In-person meeting