Social Security benefits have lost 20% of their buying power since 2010, report finds

Social Security benefits have lost 20% of their buying power since 2010, according to a new study from The Senior Citizens League released Thursday. To compensate for this lost value, retirees would need to be paid $4,440 more per year or $370 more per month. In January, the average retiree received a monthly benefit of $1,860.