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Hit to Social Security benefits of using chained CPI? Average of $30/month, says CBO
f you’ve been wondering what using the so-called “chained CPI” would do to Social Security benefits, the Congressional Budget Office has an answer for you: they’d be about $30 a month lower, on average, by 2023. That’s if the chained CPI proposal took effect next year, explained Jeffrey Kling, the CBO’s associate director for economic analysis, to a House Ways and Means subcommittee on Thursday. Read more…
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