Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Chained CPI For Social Security Not More Accurate For Seniors

Thursday, February 21, 2013 - 3:54 PM
From the AARP blog
The primary argument for chained CPI is that it is a more accurate measure of inflation — but in fact, the evidence suggests it’s even less accurate than the current formula.
[...]
The adoption of the chained CPI is likely to further erode seniors’ standard of living. A chained CPI makes sense only in a budget deficit driven world, where accuracy takes a back seat to benefit cuts for the purposes of deficit reduction.

Read more
2
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
Reply