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Reply #16: " In July 2008, just as the housing crisis was tightening its grip, the Chained Consumer Price [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-18-11 10:41 AM
Response to Reply #1
16. " In July 2008, just as the housing crisis was tightening its grip, the Chained Consumer Price
Edited on Fri Mar-18-11 10:42 AM by No Elephants
Index hit its previous record of 126.9."

You got your most recent cost-of-living adjustment in 2009, based on the 2008 high. Real problem is, the cost of living index used to calculate cost-of-living adjustments for OASDI does not include survival items and does include things that are not life or death necessities.

Those who have savings and/or other income will survive. I pray for the elderly and disabled who do not have savings and/or other income.


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