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Adopting a Chained CPI Targets the Oldest, Poorest Americans

The Longer You Live, the More Social Security You Lose

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.

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