NORA and the world’s retirees were glad to see a record Social Security increase for 2022.

But while benefits are going up, prices are too – the staggering economic problems we face continue, meaning the increase in payouts could be consumed by the rising cost of living.

Which are the three areas where retirees may be impacted the most?

One is food – whether you’re enjoying dinner out, grabbing a treat on the way home, or buying groceries, chances are you could be paying more. Housing is another basic cost that may increase, with prices for both renters and owners going up. This, along with rising utility costs, could create problems for many.

The final is prescription drugs. Many seniors rely on medicines, and it will be important to pay attention to how prices change in the strained healthcare industry.

Even if these price increases don’t threaten a senior’s wellbeing, everyone wants their benefits to go further. It helps responsible retirees have more money left over for saving, investing, and enjoying life.

If you’re passionate about giving seniors a fair Social Security increase each year, sign our petition here. You can also follow us on Twitter and Facebook for more news like this.