Inflation has eroded 40% of Social Security's
purchasing power since 2000
Posted By: Ribicon, 5/13/2022 12:29:07 PM
Inflation is rapidly eroding the buying power of Social Security benefits, according to new research published this week. The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated on Wednesday that Social Security recipients have lost 40% of their buying power since 2000. "That’s the deepest loss in buying power since the beginning of this study in 2010," said Mary Johnson, a policy analyst at the Senior Citizens League who conducted the research. Although Social Security benefits have climbed by 64% since 2000 thanks to cost-of-living adjustments, typical senior expenses through March 2022 have actually grown by more than double that rate
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and This Country Really Is Teetering on
the Edge’ 27 replies
and This Country Really Is Teetering on
the Edge’ 27 replies
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Dan Crenshaw reveals his true colors, again
27 replies
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Biden used the term "ultra-MAGA" after
6 months of research. Now Republican have
put it on T-shirts. 25 replies
6 months of research. Now Republican have
put it on T-shirts. 25 replies
President Joe Biden's use of the term "ultra-MAGA" reportedly followed six months of research into the best ways to target Republicans.
And it only took days for Republicans to put it T-shirts for fundraising sales.
The House Republicans' campaign arm is offering "ultra-MAGA" shirts with former President Donald Trump's likeness and a US flag. MAGA, which stands for "Make America Great Again," was Trump's 2016 campaign slogan
"House GOP's giving away 1,000 'ULTRA MAGA' shirts! Offer ends at Midnight
Comments:
The only solution is to print more money, which according to Janet, Jerome, and AOC, the world's greatest economists, does not cause more inflation. Also, while Social Security grants automatic inflation adjustments, as do government workers, many people working in the private sector, who generate the money to pay for it all, get the shaft.