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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNot Every One Gets What They Want ---- Time To Accept The Chained CPI
We 2% they get 98%
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Not Every One Gets What They Want ---- Time To Accept The Chained CPI (Original Post)
TheMastersNemesis
Dec 2012
OP
newfie11
(8,159 posts)1. Hell no! nt
DJ13
(23,671 posts)2. Screw that
forestpath
(3,102 posts)3. Merry Christmas, seniors. You're still on the table.
Where are all the celebrators from last night now...?
customerserviceguy
(25,183 posts)4. I've seen all kinds of numbers thrown around
and when it comes down to it, they're all guesses.
One thing is certain mathematically. If inflation is very low, or non-existent, then the difference between chained CPI and CPI as calculated today is minimal. Clearly, the higher inflation is, the more the difference between the two.
However, what would produce high inflation? A rip-roaring economy, that's what. And that's Social Security's very best hope for survival for another generation. Permanent, dragged out recession of the kind we've experienced since 2008 will produce low-or-no inflation that has the effect described on the two CPI calculations.
In the long run, which one really is better for seniors?