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Rising Medical Expenses Strain Social Security Recipients
Growing healthcare expenses are eroding Social Security benefits, pressuring retirees’ fixed incomes and raising affordability concerns.
Healthcare costs are increasingly reducing the effective value of Social Security benefits for retirees. Premium hikes and higher out-of-pocket expenses have limited the purchasing power of fixed incomes. Data suggests that medical spending growth outpaces benefit adjustments in several regions. The trend raises broader concerns about retirement affordability and long-term financial stability.