Social Security benefits lose 34% of buying power since 2000, including 4% in past year

Brian Anderson

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Social Security benefits lose 34% of buying power since 2000, including 4% in past year
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Medicare Part B premiums, out-of-pocket prescription drug costs have increased the most in past 18 years, according to latest “Social Security Loss of Buying Power” study.
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I'm not aware of any time in which Social Security or even a pension kept up with or exceeded inflation. They are great as a guaranteed piece of income in retirement, but a retiree better have another source of income to take over as they lose ground to inflation.
 
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