Inflation May Be Cooling, But Seniors Will Still Struggle

According to economists, inflation is slowly easing. That sounds like good news, but it isn’t. According to an article in the Dallas Express, prices are still high and will likely remain that way. Experts say prices are now “permanently fixed” at these elevated levels. If prices start coming back down, we would be experiencing “deflation” — and that’s probably not going to happen. This means retirees relying on Social Security benefits and others living on fixed incomes will continue to struggle financially.

The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.