Social Security's Buying Power Eroded by 36%
Inflation has lowered Social Security benefits’ buying power by a substantial 36% since 2000, according to The Senior Citizens League.The average senior citizen relying on Social Security benefits would need $517 more per month to cover the cost of daily items that have risen at higher rates than Social Security’s annual cost-of-living adjustment (COLA), CNN reports.
Read more...
2 comments:
About the only thing I do differently now is stop going to restaurants. I don't give as many donations to charity or political causes.
So any of you guys running for office, don't look to me. :)
And it will get worse than this too!
Post a Comment