Retirees are losing ground as Social Security benefits fail to keep up with inflation—thanks to a flawed formula that ignores seniors’ higher healthcare costs. While the CPI-W used for COLAs underweights medical expenses, the CPI-E better reflects retirees’ spending—but changing the system requires Congressional action, which hasn’t happened. This year, energy price spikes have temporarily narrowed the gap between the two indexes, offering a brief reprieve. But once oil prices stabilize, the old problem will resurface, leaving seniors’ buying power even more eroded unless lawmakers act.
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