Posts Tagged ‘ chained CPI ’

JUST WHAT IS THE CHAINED CPI?

Apr 23rd, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog, Social Security & Medicare

Every time a new concept surfaces on the national scene, there is a flurry of articles about it on the Internet. Some of what is written is obviously biased toward one political camp or another. Such is the case with the chained CPI. We thought trying to take a look at it as objectively as possible might be helpful.

First, the chained CPI is part of President Obama’s 2014 budget plan as it relates to Social Security.

Second, a number of government programs (like Social Security) calculate benefits based on the rate of inflation. Inflation is a measure of changes in the cost of living, which typically increases to one degree or another annually. There are different formula used for calculating changes in the cost of



MORE ABOUT THE CHAINED CPI

Mar 14th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Social Security & Medicare

SCJ talked about the chained CPI last week in this column.  SeniorCitizenJournal.com explained the chained CPI in terms most of us seniors can understand. There is some more to think about in regard to this proposal to help address federal deficit issues.// We already said why the notion is bad for seniors: The federal deficit [...]



PROPOSED CPI CHANGE FOR SOCIAL SECURITY NOT WARRANTED

Feb 27th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog, Social Security & Medicare

Understanding the Chained-CPI Our elected representatives in Washington DC are looking at changing the consumer price index (CPI) because they can lower it by about 0.3 percentage points per year. Such a change will reduce Social Security benefits. A recent AARP post said a “…typical beneficiary –with an annual income of roughly $20,000–will lose over [...]