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Eliminating Social Security COLA
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Social Security
Eliminating Social Security COLA
<font face="arial, helvetica, sans-serif" size="1"><div>You worked hard for it. Now talk to others on how to save Social Security.</div></font>
I have just heard The President is considering eliminating the C.O.L.A. for us seniors. Please write or email your representatives to stop this.
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:f944f13c-ded2-4fc6-9d57-6d593b9bffc9
Forums » Work & Retirement » Social Security » Eliminating Social Security COLA
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Re: Current Social Security COLA calculation is unfair
posted at December 27, 2012 9:29 PM EST
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Posts: 3
First: March 19, 2012 Last: December 27, 2012 |
In Response to Re: Current Social Security COLA calculation is unfair: Last I read, they did think that the chained-CPI formula was a more accurate measure for the overall measure. Posted by GailL1 I really do not understand your reply. Where did you read this? The issue, I believe, is which of the CPI calculation methodologies is most accurate for those people receiving SS or SSI. The evidence gathered by the BLS is that people over the age of 62 suffer an increase of cost of living at a greater rate than the general population. This would indicate that for SS/SSI recipients to "keep up" with inflation they should receive COLA increases greater than that derived using current urban aggregates or in the chained-cpi. For many people this year's COLA of 1.7% will only offset Part B premiums. The only one's able to pooh-pooh the importance of SS/SSI COLA's are those with other significant sources of income. See http://www.bls.gov/opub/focus/volume2_number15/cpi_2_15.htm |
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Re: Current Social Security COLA calculation is unfair
posted at December 27, 2012 11:06 PM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: Current Social Security COLA calculation is unfair: In Response to Re: Current Social Security COLA calculation is unfair : I really do not understand your reply. Where did you read this? The issue, I believe, is which of the CPI calculation methodologies is most accurate for those people receiving SS or SSI. The evidence gathered by the BLS is that people over the age of 62 suffer an increase of cost of living at a greater rate than the general population. This would indicate that for SS/SSI recipients to "keep up" with inflation they should receive COLA increases greater than that derived using current urban aggregates or in the chained-cpi. For many people this year's COLA of 1.7% will only offset Part B premiums. The only one's able to pooh-pooh the importance of SS/SSI COLA's are those with other significant sources of income. See http://www.bls.gov/opub/focus/volume2_number15/cpi_2_15.htm Posted by creinsch The BLS runs about 40 different CPI formulas - as your link pointed out, the CPI-E (based on older Americans) is experimental and has several flaws which the article points out. Introducing the Chained Consurmer Price Index BLS: Frequently Asked Questions about the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) FAQ # 5 says: "The C-CPI-U, which in final form is said to be a "superlative" index, is designed to be a closer approximation to a cost-of-living index than other CPI measures." I'm just quoting what the experts say about the research - Whatever method is used, it affects much more than just SS COLA. However, seniors substitute all the time, within groups of items and from one expense to the other. Most all Americans do this if we maintain a budget. So whether it is medical expense or gasoline that makes for a tighter budget, American have to adjust their budget. |
Forums » Work & Retirement » Social Security » Eliminating Social Security COLA
