With vaccines rolling out across the country and COVID-19 cases dropping, the U.S. is slowly getting back to a sense of “normal.” However, things opening back up has also led to inflation, which reportedly has many seniors stressed about money. And who can blame anyone for being worried? It’s tough to see prices continue to climb.
Given just how many retirees count on Social Security income as the majority, if not the primary source of their retirement income, the fact that prices are rising on consumer goods, services, and everything in between is heavily impacting a lot of budgets.
Seniors need all of the money that’s entitled to them via their Social Security benefits. That’s why here at Council of Seniors, we’re urging Congress to pass The SAVE Benefits Act passed, in an effort to make up for $581 in COLAs that were never paid out.
Expenses Are Going Up
From gas prices to airline tickets to general everyday expenses, now that things are starting to open back up after the pandemic, inflation shows no signs of slowing down in the near future.
Seniors will likely continue to feel the strain of their costs rising during retirement, which is why it’s imperative that they be given back every cent that’s owed to them.
If you could take a moment and sign our petition, it will help show representatives just how important The SAVE Benefits Act is, and hopefully, these greedy politicians will have a wake-up call and realize that it’s wrong to withhold this money any longer.
Has inflation impacted your monthly budget? Leave us a comment and let us know!
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