In a perfect world, Social Security benefits would cover seniors’ expenses with money left over. However, as we’ve pointed out, low Cost-of-Living Adjustments (COLAs) and high inflation have caused benefits to lose much of their purchasing power.
This shocking map from the Daily Mail covers how long benefits for married couples would last in some of the most expensive U.S. cities. In these locations, benefits would last less than 20 days. And for the city ranked at the top, benefits wouldn’t even last a week!
Such a situation shows how hard it is for retirees today to make ends meet, especially if they rely primarily or solely on Social Security. While your location does play a role in your living costs, we believe benefits should be high enough to help seniors live the retirement life they deserve. Will you help us to raise benefits together?
Help The Seniors Center Protect the Future of Social Security
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Follow The Seniors Center on Facebook for more updates! And join our newsletter list to get the latest updates!
