Social Security Benefits Have Lost 30% of Their Value in the Past Two Decades. Here's Why

This is important as millions of Americans rely on them as a primary source of income, or even as the sole source of income in retirement. Unfortunately, COLAs aren't doing a very good job of making sure retirement benefits retain their value. In fact, a disturbing new study from Senior Citizens League reveals Social Security benefits have lost 30% of their buying power between January 2000 and January 2020.