#union #iww #ows #p2 #tlot #tcot Chained CPI: The Younger You Are, the Bigger the Cut http://www.aflcio.org/Blog/Political-Action-Legislation/Chained-CPI-The-Younger-You-Are-the-Bigger-the-Cut One of the proposals floated for months in the fiscal bluff debate in Washington, D.C., is a change to the formula used to measure inflation for Social Security Cost-of-Living Adjustments (COLAs) called the "chained" CPI. Let's be clear: This is a benefit cut. These COLAs make sure seniors' income keeps pace with the rising costs of housing and food. The "chained" CPI would cut future Social Security benefits by as much as $2,432 for someone who is 17 years old today. Studies from the Center for Economic and Policy Research (CEPR) show that not only is the "chained" CPI a benefit cut, it eventually will lead to hi...