According to The Senior Citizens League, Social Security benefits lost 34% of their buying power between 2000 and 2018
“When costs climb more rapidly than benefits, retirees must spend down retirement savings more quickly than expected and those without savings or other retirement income are either going into debt, or going without” – Johnson, Social Security policy analyst
“For every $100 worth of groceries a retiree household could afford in 2000 they can only buy $66 worth today.” – Johnson