Tag: cost of living adjustment
The brief’s key findings are: How best to adjust Social Security benefits for inflation has been controversial. Critics argue that an experimental index for the elderly (the CPI-E) should replace the current broader index (the CPI-W). Historically, the CPI-E, which places more weight on health care costs, has risen faster than the CPI-W. But, over…
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 for medical care, where prices have been rising rapidly. The elderly…
