The Democrat Years | Retirees' Social Security checks have lost significant buying power

Title: Retirees' Social Security checks have lost significant buying power since 2010, a new report says

Article Snip: "...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.

...common senior household expenses such as car insurance, food, out-patient hospital care, and housing rose much more than that. “The reality is that COLAs have become less and less likely to match inflation over time,” Benton said. “In the 1990s and 2000s, 60% of COLAs beat inflation. In the 2010s, only 40% did. Through the 2020s so far, only one COLA out of five—the 8.7% increase in 2023— has done so.”"

Reference: yahoo.com
Biden/Democrat Inflation Silent Tax on Retirees, Inflation,

---

---

West Virginia is the most affordable state, study says

Title: West Virginia is the most affordable state, study says

Article Snip: "...CLARKSBURG, W.Va. (WBOY) — If you’re looking for an affordable state to live and buy a home, several recent studies say that West Virginia is your best option in the U.S. A recent report by doxo used the 2024 Cost of Bill Index (COBI) found that West Virginia’s standard cost of living is 25% lower than the national average. ..."

Reference: www.wboy.com
Many Are Moving Out of the Democrat's Expensive & Crime Infested Cities,

---

---

Bankrupting Social Security Retirees | This Is the Average Social Security Benefit for Age 62

Title: This Is the Average Social Security Benefit for Age 62

Article Snip: "...The average retired worker who collects Social Security receives a monthly benefit of $..."

Reference: www.fool.com
Average Social Security Benefit for Age 62

---

---

Destruction of the American Retiree | Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Title: Stocks Retreat After Fed Minutes Show Uncertainty Over Inflation

Article Snip: "...Stocks fell Wednesday after minutes from the Federal Reserve’s latest policy meeting showed concerns about persisting inflation and cast more doubt on when officials might cut interest rates. The S&P 500 declined 0.3% and the Nasdaq Composite edged 0.2% lower after ..."

Reference: Wall Street Journal
Biden/Democrat Inflation Silent Tax on Retirees,Inflation,2024,Destruction of those on Social Security,

---

---

What Risks Do Near Retirees and Retirees Face from Inflation

Title: What Risks Do Near Retirees and Retirees Face from Inflation

Article Snip: "...High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets...retirees are hurt more than near retirees as, outside of Social Security, their income is less indexed to prices and they hold less debt. ..."

Reference: crr.bc.edu
Democrat Inflation Silent Tax on Retirees,Destruction of Retirees,Manipulation of CPI using CPI-W To Destroy Retirees,

---

---

Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors

Title: Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors

Article Snip: "...cope with the runaway inflation of earlier this decade and the continued high prices for food, housing, utilities and other necessities.

That’s forcing more of them to spend their emergency savings, carry debt on credit cards or apply for assistance programs, according to The Senior Citizens League, a nonpartisan public education and advocacy group. ...senior citizens are often in a more difficult predicament because many live off fixed incomes. Many depend heavily on Social Security – some 42% of elderly women and 37% of elderly men rely on the monthly payments"

Reference: www.cnn.com
Biden Admins Silent Tax on Retirees, Why doe the Biden Admin Hate the American Retiree?, The Killing Off of Seniors Thru the Current Democrat Economic Attack on Americans While Showering Illegals with Money and Benefits,

---

---