Inflation Deflates Social Security Benefits

Inflation Deflates Social Security Benefits

June 04, 2021
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Inflation caused Social Security benefits to have a 30% loss of buying power since 2000.

Based on the consumer price index (CPI), the current projected cost-of-living adjustment to Social Security benefits for 2022 is 4.7% –the highest increase since 2009 (source: The Senior Citizens League).