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hey everyone in todays video i want to talk about the minimum social security benefit now this isnt something thats discussed very often but president biden has promised to overhaul how the minimum benefit is calculated so i think youll hear a lot more about this over the next few years and as this starts to go through the process of being modified ill be right here letting you know whats changing so if you havent already be sure to subscribe and hit that notifications bell and that way youre not going to miss any of the new videos that i put out so what is the minimum social security benefit well the amount of the benefit varies depending on a few different individual factors and then its adjusted annually for inflation but at its heart its an alternative benefit that increases the amount of benefits paid to low-income individuals where the regular social security benefit formula bases the benefit amount on an individuals lifetime earnings the minimum social security benefi