In 1964, a Dollar was worth a Dollar in purchasing power. Since then, personal income levels have not kept pace with inflation. For most Seniors, making up a lost decade of wealth to retire comfortably isn't in the cards, sorry to say!!!
Mathews Realty Group
Retirement Planning/Investment Services
"Self Direct IRA" Income Plans
Seniors lost 32 percent of their buying power since 2000
A majority of those receiving Social Security depend on it for at least 50 percent of their income in retirement
Since 2000, senior citizens have lost almost one-third of their buying power, according to the Annual Survey of Senior Costs, released recently by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan senior advocacy groups.
A majority of the 37 million Americans aged 65 and over who receive a Social Security check depend on it for at least 50 percent of their total income, and one in three beneficiaries rely on it for 90 percent or more of their total income.
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