AARP analyzes social security change

AARP released an editorial and fact sheet this week that examines the proposed budget reduction called "chained CPI."  This federal budget maneuver would tie the "chained" consumer price index (CPI) to Social Security's cost of living adjustment (COLA). The Social Security COLA modifies Social Security benefit amounts each year, in order to meet increased living costs, as groceries, gas, health care and utility prices rise.  The Chained CPI effect would recalculate the way Social Security calculates its annual cost of living adjustment.

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