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According to a recent study,
social security benefits have lost 30% of buying power since 2000. However,
over the last year buying power is actually up 3% – which is not exactly
the good news it sounds like. The increased buying power results from lower
prices for goods and services, which means a lower Cost of Living
Adjustment (COLA) may be coming at a critical time for our economy. This,
in turn, could lead to an increase in demand for reverse mortgages.
Read more in this report from The Senior
Citizens League.
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