Calculating Social Security’s annual cost-of-living adjustment (COLA) using a chained consumer price index (CPI) would cut benefits the most for the oldest Americans—those who are least able to afford it. This fact sheet details the impact on older Americans of using a chained CPI. It also provides perspective on the financial pressures facing many Social Security beneficiaries.
Join for Just $16 A Year
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- Free membership for your spouse or partner