Editorials & Other Articles

Iwillnevergiveup

(9,298 posts) Mon Nov 25, 2013, 11:28 AM Nov 2013

How seniors have been getting screwed by how we calculate social security

and it's been happening for years.

##snip##

"The Bureau of Labor Statistics (BLS) use a cost-of-living adjustment (COLA) called CPI-W each year to calculate how much social security benefits should grow to keep up with inflation. Their purchasing power would quickly degrade rapidly if such an adjustment were not made. Here's the problem: CPI-W underestimates how much the cost-of-living for seniors increases each year."

##snip##

Read more: http://www.businessinsider.com/heres-how-seniors-have-been-getting-screwed-by-how-we-calculate-social-security-2013-11#ixzz2lfgydHmX

2 replies

= new reply since forum marked as read

Highlight:

How seniors have been getting screwed by how we calculate social security (Original Post) Iwillnevergiveup Nov 2013 OP

wasn't this little trick enacted by Repblicans? (not that the current administration hasn't shown Bill USA Nov 2013 #1

This message was self-deleted by its author grasswire Nov 2013 #2

Bill USA

(6,436 posts)

1. wasn't this little trick enacted by Repblicans? (not that the current administration hasn't shown

Reply to Iwillnevergiveup (Original post)

Mon Nov 25, 2013, 05:29 PM

Nov 2013

picayune interest in dumping it. THe O administration has seemed rather pleased to embrace it).

recommended!!

Response to Iwillnevergiveup (Original post)

grasswire This message was self-deleted by its author.

Reply to this discussion