Tag: Consumer Price Index for Americans 62 years of age and older
![Social Security benefits on a page with charts and a pen and highlighter](https://crr.bc.edu/wp-content/uploads/2020/10/Social-Security-benefits-on-a-page-with-charts-and-a-pen-and-highlighter-1536x1024.jpeg)
A modest increase reignites the debate over the appropriate price index. How best to keep Social Security benefits up to date with inflation has been a controversial issue. Critics have argued for decades that the CPI-W understates the inflation of the elderly because it does not reflect how large a share of their budget goes…