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July 26, 2018

Social Security Benefits Buy 34% Less Than in 2000

Bob Lagonegro Financial Advisor HFG Trust

Millions of retired Americans rely on Social Security retirement benefits as a primary source of income; but unfortunately, annual cost-of-living increases have not been enough to offset the higher costs eroding older consumers’ purchasing power. According to an annual study released by the Senior Citizen’s League in June, Social Security retirement benefits have lost 34% […]