Due to lower gas prices the rate of inflation has decreased, now there will be no annual raise for 65 million people on Social Security. Every year since 2010 there has been an annual raise in Social Security benefits due to the rate of inflation and the cost of living growing. The 30% drop in gas prices made the cost of living much lower but not necessarily for senior citizens. Most senior citizens don't do much driving, but their cost of living continues to rise with the price of food, and medical costs. Senior citizens spend a great percentage of their money on health care.
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