boxing gloves squeezing a pink piggy bank (Photo: Shutterstock)

Rising inflation has wiped out temporary gains in the buying power of Social Security benefits during the pandemic.

“As of consumer price data through March 31, 2021, Social Security benefits have once again have lost 30 percent of buying power since 2000,” said Mary Johnson, Social Security policy analyst for the Senior Citizens League. “If inflation in 2021 continues to climb through the end of the year, this loss of buying power could deepen.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.