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UNDERSTANDING SOCIAL SECURITY: What ‘Chained CPI’ Is – Why It Hurts
Following the recent government shutdown, Congress agreed to appoint some members to a bipartisan committee in an attempt to find common ground to adopt a budget for the coming year. One proposal we keep hearing about is adopting a “chained CPI” to replace the current method of calculating annual cost of living adjustments for Social Security recipients. SSA now uses the Consumer Price Index for Urban Wage Earners & Clerical Workers to determine annual COLA...Read More
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