This AARP survey examined voters’ opinions on a proposal to adopt a chained or superlative consumer price index (CPI) to reduce the deficit. It also looked at how favorability would be affected towards Members of Congress who voted for such a proposal.
Key national-level findings include:
- 50+ voters say “no” to the chained CPI: Voters age 50+ oppose the chained CPI as a way to reduce the budget deficit.
- Seven in ten voters 50+ (70%) oppose changing the way the Social Security cost of living adjustment is calculated (75% Democrat, 63% Republican, 69% Independent).
- Almost eight in ten voters age 50+ (78%) oppose changing the way the cost of living adjustment is calculated for retired and disabled veterans’ benefits (80% Democrat, 72% Republican, 79% Independent).
- Over half of 50+ voters (52%) oppose changing the way the tax code is adjusted for inflation to reduce the deficit (47% Democrat, 61% Republican, 50% Independent). However, 13% said they do not know if they support or oppose this, indicating there is little public understanding of how the chained CPI would affect a person’s taxes.
- Voters less favorable to lawmakers supporting Chained CPI: Sixty-six percent of 50+ voters say they will be less favorable towards their Member of Congress if he or she votes for the chained CPI proposal (69% Democrat, 60% Republican, 67% Independent).
The survey was conducted for AARP by Woelfel Research, an independent research firm. Interviews were conducted March 19 – April 3, 2013 among a nationally representative sample of 800 registered voters age 50+. This survey was conducted nationally and in 14 states. For more information, contact Laura Skufca at (202) 434-6285.