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Social Security benefits have lost 30% of their buying power since 2000
The Senior Citizens League, a nonpartisan senior advocacy group, is reporting retiree costs are going up at a rapid clip, and Social Security cost-of-living adjustments are not keeping up with those growing expenses. According to their research, Social Security benefits have lost 30 percent of their buying power since 2000. The rising health care costs and home expenses represent some of the biggest increases for retirees. Read the SCL article here…
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