The consumer purchasing power of U.S. Social Security program benefits in 2024 is roughly 80 cents on the dollar when compared to the power of these benefits in 2010, illustrating the continued bite that inflation is having on American households as well as the diminished buying power of those living on a fixed income.

This is according to a measurement of Social Security benefits conducted by The Senior Citizens League (TCSL) in a study released last week.

“The study confirms that prices older consumers are paying have outstripped cost-of-living details ⇒

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