Without an accurate cost-of-living adjustment (COLA) that reflects rising expenses, retirees lose purchasing power year after year — often leading to depleted savings, growing debt, and a lower standard of living.
TSCL’s research shows that Social Security benefits have lost 20% of their buying power since 2010 due to inadequate COLAs. That’s why we’re urging Congress to base the annual COLA on an index that truly reflects seniors’ costs, like the Consumer Price Index for the Elderly (CPI-E).
Currently, the COLA is tied to an index designed for wage earners (CPI-W), which fails to account for the higher healthcare and housing costs older Americans face. It’s time for a fairer, more accurate adjustment.
The Senior Citizens League will gather online and print petitions to advocate collectively to Congress urging them to use the Consumer Price Index for the Elderly (CPI-E) for Social Security COLAs.
