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what is a family Trail here and today is the last day of the year so Happy New Year's Eve to everyone and what a perfect way to end the season with a social security update video now in today's video we are going to be covering the new Social Security increase for 2023 which is the largest that we have ever seen in history 8.7 percent increase to be exact also we want to cover some new changes that President Biden is going to be working on in the last two years of his presidency uh Biden believes that Social Security reform needs to happen as well as other lawmakers as well and last but not least I have the updated calendar schedule to see when these next payments are coming out next month in January and there is also a new water assistance program that was just released which is going to be providing assistance to low-income families now before we get started guys you already know what to do make sure that you subscribe to the channel as well is hit the like button for the YouTube algorithm now let's go ahead and start with the video Social Security benefits is receiving one of the largest increases in history for next year 2023 which is around the corner right but anyways guys yes this is going to be affecting around 70 million Americans and they will be seeing an 8.7 increase in their social security benefits and their supplemental security income or SSI payments in the year of 2023 and on average guys the Social Security benefits will be increasing by more than 140 dollars per month starting next year guys which is tomorrow yes guys can you believe it a new year is around the corner January the 1st it is amazing guys hopefully this next year will be better than 2022. I'll just continue to keep my fingers crossed and hope that we have a much better year because guys if you guys agree with me 2020 2021 2022 have been one of the worst years ever but anyways guys we'll just keep prayerful of that and hopefully we receive that sometime next year guys but anyways yes like we talked about uh Social Security is going to be receiving the largest increase Cola increase which is also known as the cost of living adjustment and yes guys this is going to be affecting a lot of seniors out there as well as all of our social security recipients ssiss-d-i-v-a beneficiaries all of the above yes guys this is going to be affecting millions of Americans anyways guys I hope you are definitely excited about this now I will go ahead and tell you that uh yes the 8.7 is really not enough guys because we have seen inflation rise to more than nine percent and we have also seen prices at the grocery stores as well as goods and services rising up to 40...