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Should COLAs Be Calculated Differently?

Inflation data is currently used to calculate Social Security raises. But advocates say there’s a better way that could prevent seniors from losing buyer power. Maurie Backman summarizes their arguments in this piece. The main argument is to move from the CPI-W to the CPI-E. In other words use data from the Consumer Price Index for the Elderly rather than from Urban Wage Earners and Clerical Workers, as CPI-E better accounts for costs that are more specific to seniors. Read Backman’s full piece here.

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