Elderly Advocates Push for CPI-E Legislation to Protect Social Security Benefits
Washington, D.C., The Senior Citizens League (SCL) has released a study highlighting the significant decline in the purchasing power of Social Security benefits since 2000. The organization emphasizes the impact of inadequate Cost-of-living adjustments (COLAs) and rising healthcare costs on older Americans, urging Congress to address these issues promptly. According to the SCL’s research, Social Security benefits have decreased by over thirty percent in real value, leaving many seniors struggling to cover essential expenses like …