"Social Security's Buying Power Has Dropped a Whopping 33% Since 2000. Here's What the Average Check Is Now," May 17, 2019

Summary: Social Security's Buying Power Has Dropped a Whopping 33% Since 2000. Here's What the Average Check Is Now by Alix Langone Social Security benefits have lost one third of their buying power since 2000, according to a report released Tuesday by The Senior Citizens League, a non-profit organization. Retirees’ monthly benefit checks have not kept up with the skyrocketing costs of prescription drugs and other essential goods and services, resulting in a 33% drop in purchasing power.