Even though Social Security checks hit record highs, many retirees feel their money doesn’t go as far—thanks to a 13.7% drop in buying power over the last decade. The culprit? COLAs are based on urban wage-earner inflation, which ignores seniors’ higher, faster-rising healthcare costs. A better measure, the CPI for the Elderly, could boost benefits—but changing it requires Congress, and with Social Security’s solvency looming, reform remains uncertain.
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