Social Security benefits in 2024 have lost 20% of buying power compared to 2010
Briefly

from www.housingwire.com7 months ago
The consumer purchasing power of U.S. Social Security program benefits in 2024 is roughly 80 cents on the dollar compared to 2010, highlighting inflation's impact on fixed incomes.
www.housingwire.comhttps://www.housingwire.com/articles/social-security-benefits-in-2024-have-lost-20-of-buying-power-compared-to-2010/
Eight of the past 15 COLAs have failed to surpass inflation, with five ranking in the bottom ten since 1976, indicating a decrease in purchasing power for seniors.
www.housingwire.comhttps://www.housingwire.com/articles/social-security-benefits-in-2024-have-lost-20-of-buying-power-compared-to-2010/
Read at www.housingwire.com
#social-security #inflation #financial-distress #cost-of-living-adjustments #senior-citizens
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