Alert
Close

Help Decide the Future of Aging. Join the White House’s Live Stream From Cleveland Monday. Learn more

Highlights

Open
Military and Veterans Discount

Contests and
Sweeps

You Could Choose Your Dream Vacation!

Hawaii, the Grand Canyon or an Alaskan Cruise! No purchase necessary. Ends May 31. See official rules.

 

Free AARP E-Books

Protecting Yourself Online for Dummies

Here's the mini guide you need to steer through the hazards with confidence.

Learn More

You Could Choose Your Dream Vacation

FREE FUN!

AARP Games - Play Now!

             

AARP Staying Sharp: Keep Your Brain Healthy

News & Politics Forums

Share your opinions on news and current events that matter most to you.

Join the discussion »

AARP Auto Buying Program

MOST POPULAR

Viewed

Social Security

What Would a Bad Budget Deal Mean For Your Social Security?

State-by-state analysis shows how much a last-minute budget deal could cost seniors

Social Security card, fiscal cliff

Calculating Social Security benefits by using the chained CPI will reduce incomes for retirees. — Getty Images

Proposal on the table: Change method of calculating cost of living adjustments (COLA)

Right now, the president and Congress are considering a last-minute budget deal that would cut Social Security benefits, taking thousands of dollars of retirement income away from current beneficiaries.  Moving to a chained consumer price index, would cut benefits by $127 billion over the next 10 years alone.

National Impact: Social Security beneficiaries would lose $127 billion over the next 10 years alone.

State Amount Beneficiaries
Lose Over 10 years
Alabama $2.27 Billion
Alaska $0.18 Billion
Arizona $2.62 Billion
Arkansas $1.37 Billion
California $11.76 Billion
Colorado $1.67 Billion
Connecticut $1.61 Billion
Delaware $0.44 Billion
District of Columbia $0.16 Billion
Florida $9.04 Billion
Georgia $3.44 Billion
Hawaii $0.55 Billion
Idaho $0.63 Billion
Illinois $4.91 Billion
Indiana $2.92 Billion
Iowa $1.37 Billion
Kansas $1.17 Billion
Kentucky $1.95 Billion
Louisiana $1.69 Billion
Maine $0.65 Billion
Maryland $2.10 Billion
Massachusetts $2.70 Billion
Michigan $4.94 Billion
Minnesota $2.15 Billion
Mississippi $1.28 Billion
Missouri $2.68 Billion
Montana $0.44 Billion
Nebraska $0.72 Billion
Nevada $1.00 Billion
New Hampshire $0.63 Billion
New Jersey $3.86 Billion
New Mexico $0.79 Billion
New York $8.03 Billion
North Carolina $4.14 Billion
North Dakota $0.26 Billion
Ohio $4.95 Billion
Oklahoma $1.58 Billion
Oregon $1.73 Billion
Pennsylvania $6.21 Billion
Rhode Island $0.48 Billion
South Carolina $2.19 Billion
South Dakota $0.34 Billion
Tennessee $2.88 Billion
Texas $7.84 Billion
Utah $0.78 Billion
Vermont $0.30 Billion
Virginia $3.06 Billion
Washington $2.72 Billion
West Virginia $1.00 Billion
Wisconsin $2.58 Billion
Wyoming $0.22 Billion
Nationwide $127 Billion

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

member benefit aarp financial service auto insurance

AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.

membership benefit financial college aarp

Advice on saving for education from AARP® College Savings Solutions from TIAA-CREF.

AARP Credit card from Chase

Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement