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Chained CPI reduces Social Security benefits and income

Fact: A chained CPI (“consumer price index”) is a way of calculating cost-of-living adjustments to Social Security benefits that does not keep up with inflation for older adults.  It would therefore effectively cut Social Security benefits for everyone receiving them today and in the future, including retired and disabled veterans.

Fact: People receiving Social Security benefits at 65 would lose $658 in benefits at age 75, $1,147 at age 85, and $1622 at 95, a 9.2 percent cut.To learn more, go to Social Security Works.

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