Posts Tagged ‘ spending habits of seniors ’

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 [...]