Inflation Races Ahead of COLA for Seniors

Rising gas and food prices are hitting senior citizens hardest, and the COLA increases in Social Security benefits are just not keeping up with inflation. That's the conclusion of a study conducted by the Senior Citizens League.

According to the study, expenses for seniors have risen 88% since 2000 while benefits have increased a mere 24%, effectively reducing the buying power of seniors by 51%. The group states that the actual cost of living for seniors has risen almost four times faster than the cost of living adjustments in their Social Security.

With 1.2 million supporters, The Senior Citizens League is one of the nation’s largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for.

Read more at www.seniorsleague.org