Monthly household expenses rose even as the Social Security cost-of-living adjustment didn't. (AP Photo)

Social Security has already lost 23 percent of its buying power since 2000, and another potential year of no cost-of-living increase could squeeze seniors — whose expenses haven’t lowered with low inflation.

That’s according to the Alexandria, Va.-based Senior Citizens League, which released its “2016 Survey of Senior Costs” indicating that, except for higher medical and prescription drug costs, overall prices have not changed much over the past year, keeping inflation close to nil.

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