5 Reasons Chained CPI Is Bad For Social Security
Posted on 02/11/2013 by David Certner | AARP Blog Author | Comments
Your LifeDavid Certner is the Legislative Counsel and Director of Legislative Policy for Government Affairs at AARP. Congress and the Administration are considering, as a means of deficit reduction, a legislative change to the consumer price index – the so-called “chained CPI.” This change would have a particularly negative impact on Social Security benefits – here’s why: 1. Chained CPI compounds over time. As a result of a chained CPI, there will be a 0.3% annual cut in Social Security cost …
