Social Security Lags Senior Costs: TSCL

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Seniors have lost almost one-quarter of their buying power since 2000, according to the Annual Survey of Se...
Seniors have lost almost one-quarter of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League (TSCL). TSCL is one of the nation’s largest nonpartisan seniors advocacy groups. In most years, seniors receive a small increase in their Social Security checks, intended to help them keep up with the costs of inflation. But since 2000, the Social Security Cost of Living Adjustment (COLA) has increased average benefits just 31 percent while typical senior expenses have jumped almost 63 percent, more than twice as fast. To view Multimedia News Release, go to *******multivu.prnewswire****/mnr/seniorsleague/43965/
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