Social security cost-lively adjustment has fallen behind inflation during epidemics, a specific retired has lost $ 1,054 to buy power since 2020.

According to an analysis by the Senior Citizen League, a advocacy group for senior citizens, which released an analysis on Thursday. The analysis showed that the cost of living adjustment that the recipients receive each year are well reduced by real changes in the cost of survival that was seen in the houses seen in 2021 and 2022.

The purpose of cost-living adjustment for social security benefits is to ensure that the recipient income is not removed from inflation-but because how the adjustment is calculated, they are often slightly away from the mark. The adjustment is always set in October, and it is based on how much the consumer price index has increased compared to the previous year. In the years when inflation has been increasing, such as it was done in 2021 and 2022, the adjustment is usually behind the curve.

Fortunately for social security recipients, reverse is true on the fall of inflation – and it is Currently retracting quite dramaticallyThis year’s 8.7% adjustment According to the analysis, the highest in decades, the average recipient has set to achieve about $ 39 in January.

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