Senior citizens could see their benefit payments increase even more this year, according to this post by The Motley Fool. This prediction is based on an annual report by the Consumer Price Index for all Urban Consumers (CPI), which states that the CPI rose 7.9 percent — one of the steepest annual gains in over 40 years.

Unfortunately, this news doesn’t mean things will get easier on America’s retirees. As previously reported, they have seen the buying power of their benefit payments decrease rapidly over the past few years. Such a decrease creates more financial insecurity for seniors — an insecurity we’re working to change.

Senior Security Alliance is actively fighting for a more financially secure future for seniors nationwide by demanding that Congress pass our Senior Citizens Bill of Rights. Learn more about our groundbreaking legislation and how you can help us make a historical change now!