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In reply to the discussion: MoveOn Calls Obama’s Proposed Social Security Cuts ‘Unconscionable’ [View all]amandabeech
(9,893 posts)up with inflation.
Over time, you will NOT be able to buy with your social security payments what you can now.
Your spending power will be reduced over time.
You may be okay with that, but seniors who are barely making it now will have a harder time making ends meet in the future.
The older you live, the more you will notice that you cannot buy the same things that you could with your social security payment.
The older you are, the more you spend on health care, so more people at the lower levels of social security payments will be trying to figure out what to cut.
My Mom, who has enough, knows older ladies who already can barely afford their medicine and their food.
What will they do if they live longer? Every penny is precious to these ladies.