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Seniors and the Chained CPI

On Connecticut Public Broadcasting, Managing Editor Lori Robertson explains the “chained” Consumer Price Index proposal in President Obama’s budget. Critics of the change in Social Security cost-of-living calculations say seniors’ medical costs cause their cost of living to rise more quickly than that of other consumers. But economists haven’t found solid evidence of that.
For more, see our Dec. 11, 2012, article, “Chained Explained.”