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Recursion

(56,582 posts)

11. That's not how a chained CPI works, though

Reply to eridani (Reply #9)

Thu Feb 14, 2013, 03:41 AM

Feb 2013

It tracks how spending among (IIRC) 12 different categories changes. So if people spend less on clothes and more on food, it reflects that. For that matter, it doesn't even necessarily mean a reduction in benefits; that's based on the assumption that electronics and food will keep getting cheaper.

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Highlight:

Why Social Security Recipients Shouldn't Be Shackled With the Chained CPI [View all] eridani Feb 2013 OP

I can tell you why as a SS recipient. Cleita Feb 2013 #1

K&R It is disgraceful that ANY Democrat would even consider this. forestpath Feb 2013 #2

The chained CPIU is just another slice at the heart of Social Security... TheProgressive Feb 2013 #3

Bookmarked & tweeted. n/t ProfessionalLeftist Feb 2013 #4

K&R Thank you for keeping this front and center. woo me with science Feb 2013 #5

kick Faryn Balyncd Feb 2013 #6

Kick Liberalynn Feb 2013 #7

Most economists say it's more accurate. Why are they wrong? Recursion Feb 2013 #8

Most economists say nothing of the sort, because substitution is pure bullshit eridani Feb 2013 #9

That's not how a chained CPI works, though Recursion Feb 2013 #11

It is a scam to lower benefits, period eridani Feb 2013 #12

Yeah, I'm asking for an argument, not just an assertion Recursion Feb 2013 #14

There is not one single URL anywhere that shows chained CPI eridani Feb 2013 #15

Call in to protest Social Security, Medicare and Medicaid cuts on 2/14--"Have a Heart" Day n/t eridani Feb 2013 #10

kr HiPointDem Feb 2013 #13