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Social Security cost-of-living adjustment predicted for 2018

But a significantly higher increase would not make up for the negative impact rising inflation has had on seniors' buying power.

Social Security beneficiaries have lost nearly a third of their buying power since 2000 as the costs of items typically purchased by the elderly have significantly outstripped the annual inflation increases in their retirement benefits, according to a new report by The Senior Citizens League (TSCL)

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