Latest News
Another Push for CPI-E
The potential for use of a measurement more reflective of senior spending patterns has been under investigation for some time, and is the subject of pending legislation to adopt this senior-friendly tool. A recent post on planadvisor.com by Paul Mulholland explores this subject and offers conjecture on why its adoption is delayed. Read his post here.
Ed.Note: The Consumer Price Index for Americans 62 years of age and older, known as CPI-E, is a research price index designed to measure price changes using the spending patterns of older Americans. Under its current data collection, CPI-E uses data from the CPI-U calculation based on the subset of survey respondents with a household member over age 62. The prices collected are not based solely on data statistically significant to the over-aged 62 population, such as which items, where the items are purchased, and the impact of senior discounts on the pricing of these items. Before CPI-E can be used to calculate the COLA, it is felt that the Department of Labor must improve its collection methods for this index.
The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.