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What's the Chained CPI?

Bottom line: Cost-of-living adjustments for Social Security would be lower with the chained CPI than with the "plain" CPI

En Español | The acronym is easy: CPI stands for consumer price index, a formula that looks at how the prices of stuff we need (food, for example) change over time. It's used to make cost-of-living adjustments in programs such as Social Security, veterans benefits and food stamps. … Back to Article

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Demystifying the COLA Cut Known as Chained CPI: AARP Executive VP and economist Debra Whitman explains why the chained CPI is a growing benefit cut that is most harmful for the oldest and poorest beneficiaries of Social Security.

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