Showing posts with label Democrats do nothing to help retirees and the are in power now!. Show all posts
Showing posts with label Democrats do nothing to help retirees and the are in power now!. Show all posts

Saturday, August 3, 2024

Retirees' Social Security checks have lost significant buying power

Article Title: Retirees' Social Security checks have lost significant buying power
Snippet of Article: "Inflation has taken a toll on seniors' ability to make ends meet, as annual cost-of-living adjustments fail to keep up. ...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation. ..."


Source: yahoo.com

[tag] Democrats do nothing to help retirees and they are in power now!, Inflation has destroyed boomer retirees, Root Causes of Inflation is Democrat Rule, Do Nothing Democrats, [/tag]