10% in 2026 - Social Security Beneficiaries are Shocked

Added: 2026-05-11

[00:00:00]10% is what they're now saying for 2026.

[00:00:03]And for the 75 plus million people receiving Social Security benefit checks, this could result in a whole lot more money in your monthly benefit. And that's what I want to talk about for you here in this video because right now in 2026, obviously, we've seen a lot of major major changes. and your social security benefits over the last few years have certainly not been going nearly as far as they need to because of obviously the price adjustments and everything else that's been going on.

[00:00:30]But now that they're talking about 10% right now in 2026, this could change things in a major major way. Now, I also do have this article right here. I'm going to pop this up on the screen in just a minute so you can see and read for yourself exactly what this article is saying. I'll bring you up to speed as far as everything that's in this article. We'll talk about all the specific details, but a lot of things have changed in a huge way over the last few months here. And I think we all recognize this is ultimately going to hit the bottom line, as in the finances of literally everybody out there. And most notably, these 75 plus million people living on fixed income benefits administered by Social Security ultimately are going to feel this squeeze in a major major way. And again, we've talked about some of these other numbers leading up to this, but now they're saying 10%. Yeah, 10%, which would be nuts, but honestly, probably not too far-fetched based on what is currently going on. Let's pop this article up right here, right now. Feel free to read the details on this. Let me explain what's going on. Now, obviously, I think we all recognize the inflation situation, right? You've heard me talk about it. We're all experiencing it. If you've been out at your local stores buying food or literally everything over the last couple months here, we're starting to feel the squeeze, right?

[00:01:46]We're starting to feel that squeeze in higher prices. And this is definitely not over. A lot more to come. Well, anyway, as you can see here from this article, they're now suggesting that we could possibly see 10% inflation this year in 2026. Now, that's not actually that far off from some of the other projections that I've seen out there and that I've been talking about for the last couple months here this year. I've been seeing other projections suggesting 6 plus% this year, which realistically 6% 10% it's not that far apart apart from each other, right?

[00:02:19]Either way, regardless of what report you look at, they're suggesting that we're going to see significantly higher inflation throughout the course of the year. Now, here's what's interesting about it. In this report here, they talk about gasoline being up 40%. It's actually more than that. It's actually like 70% that gasoline has gone up.

[00:02:38]They've also talked about diesel going up by 45%. Guess what? Diesel has actually gone up by again like 70% or more. It has gone up massively. Now, not only that, we know that there's been some other disruptions with um shipping and you know you know waterways. the straight of hormuz you've probably heard about at some point uh being closed and basically commercial shipping and this is going to impact ultimately fertilizers and metals and all kinds of other things that ultimately come to the United States right not necessarily food you know necessarily but fertilizer that's a major one right there well guess who buys a ton of fertilizer farmers do right and what are farmers doing g I don't know like right now this time of year right planting their fields s and what do they probably want to sprinkle on that? Probably a little fertilizer, right? So, point being is that if they're getting fertilizer in the first place, um well, yeah, that's going to be significantly more expensive. Okay? And not only that, what do you think's going to happen? All that's going to translate into ultimately prices of food, right? So, we've got multiple different factors here that are going to squeeze prices.

[00:03:49]And again, it's not just food that we're talking about. These are just some of the examples that I'm pulling out here that I'm talking about. But we're going to see a major squeeze on food prices as well. Number one, obviously, because of the fertilizer increases in price.

[00:04:04]That's number one. But also, the massive increase on diesel because here's the deal. How does all that food get picked in the field uh from the farmer? Well, it's probably a a tractor that runs on diesel, right? I mean, that's just what happens. And then how does all that grain or whatever it is that they're harvesting get to the mill or wherever it goes? And by the way, I'm not an expert on this. Um, it gets there probably by some big diesel powered trucks, right? And then they obviously mill it or they do whatever to it uh turn it into food products and then again ultimately what happens when those food products are made? How do they get to the grocery store? Again, they're put on a semi that operates on diesel. You know what I'm saying? So, I mean, seriously, we've got a lot of different uh different disruptions here. And again, all of these higher prices are going to translate into literally the end consumer, which is you and me and literally everybody else out there that is buying these items. So, this squeeze on prices that we've been talking about is certainly not over you. And again, it's going to be one of these slow uh really annoying squeezes that continues to happen for a prolonged period of time. This is not like something that, you know, one week all of a sudden, all right, brace for it, everybody. Brace for it. Here it comes. Here it comes.

[00:05:17]And all of a sudden, we get whacked with a 25% increase on price. We could see that, but it's not going to be like that. It's going to be like every week, every month, every whatever, every, you know, so often we're going to see these prices just inching higher more and more and more. Every week we're going to see these going up. Every month we'll see them going up. And over the course of 2, 3, 6, 8 months or something, we'll see prices increase significantly across the board on everything. And unfortunately, like we've seen over the last few years is because of the inflation situation that we saw back in 20 well basically 2021 until present when inflation is still high that you know they told us for all these years, oh don't worry, prices will come back down. No, they didn't. Prices never came back down, right? They went up and they stayed up.

[00:06:05]They didn't come back down. Not at all.

[00:06:07]At all. And they continue to tell us for all these years, oh, don't worry. This inflation will be over soon. Still waiting. Hello. Still waiting, right?

[00:06:15]And it's still just going to get worse.

[00:06:17]Um, so anyway, we've got a lot of factors coming at us. Now, another point that I want to throw out as well, in March alone, just in March, energy prices increased by over 12% according to the BLS, Bureau of Labor Statistics, uh, inflation report represented by the CPI, the Consumer Price Index. One month, inflation on energy spiked 12 plus% in one month. Uh I'll tell you this much on an annualized basis energy usually is around like three to 4% maybe it spiked three four times that literally in one month right so um we've got a lot more to go here and again I just want to throw this out there because at the end of the day as social security beneficiaries this is one of those situations that um well it kind of bites us first but then ultimately it maybe pays us a little bit in the future and here's Why? Obviously, you know that the raise to your social security benefit is based on inflation, right? You've heard me talk about that a thousand times over the years, probably more than a thousand times, honestly.

[00:07:23]We've talked about it a lot. Um, but anyway, you know that it's represented by the CPIW, the consumer price index for urban wage earners and political workers, which is a an inflation reading within the inflation report that comes out one time per month out of the BLS, Bureau of Labor Statistics. Uh but anyway, so basically what happens is that when we see prices increase, we see it reflected in the CPIW and then ultimately when they take those readings again the third quarter, July, August and September, the third quarter of the year, they take that inflation data, they take it all, they average it together and they compare it over the previous year and then that's the cola for the following year. It's a bad metric. I don't like how they do it, but that's just unfortunately how they do it. Uh but anyway, so point being is that as we continue to see these higher prices rolling in and maybe just maybe if we capture the majority of those price increases during the three critical months again the third quarter as I just mentioned, we may see some of that reflected back in social security benefits. But if we miss the rapidly rising prices and it happens, you know, sometime outside of the third quarter, we pay the inflation, we pay the higher prices, but unfortunately, we don't get compensated for it, which is again a terrible way in which they they measure the the cola and calculate. That's why I keep saying they take a small sample size throughout the year. Three months out of the year is the sample size that they use to determine the raise for the entire year. Just doesn't make any sense to me whatsoever. Um, but anyway, this is kind of where we're at right now.

[00:08:55]Let's hope that we don't spike to 10% inflation. That would be really bad. And ultimately, if we go to 10% inflation, we are guaranteed 100% that we will be in a nasty nasty re recession at that point. If we go to 10% inflation, it's going to get really bad really fast.

[00:09:13]That would be like basically a guaranteed recession and it would be a nasty one. And what would they do? they would print a ton of money. And what does printing money do? Printing money and putting money into the system causes more inflation. So, we may be like on the cusp. Again, I'm not a conspiracy theorist whatsoever. I don't think this is going to happen, but you can kind of see how the the dominoes start to fall here, which is this. If we see a major spike in inflation to 10%. We're going to go into a big nasty recession. A big nasty recession results in a ton of government money printing, trillions of dollars. Government money printing results in more inflation. Okay, so we could see massive devaluing of our dollars. Uh basically the depletion of purchasing power of our dollars and we could see like massive inflation way above that as well. I don't think it'd be hyperinflation, but we could see um you know major inflationary spikes if that were to happen. And again, who knows? But that's just kind of, you know, one of the one of the the situations we may face at some point if, you know, all this were to come into fruition. So again, as always, time will tell. I'll certainly keep you posted along the way. Hope this helps you out.

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