Many experts, however, argue that this is not a correct metric to use to gage inflation changes for the purpose of Social Security benefits — and that, in turn, these benefits are taking a major hit. For instance, Martha Shedden, president and co-founder at the National Association of Registered Social Security Analysts, called the use of the CPI-W an “unrealistic representation of what retirees spend money on.” As she explained, there has been a push to instead use another index, the consumer price index for elderly (CPI-E), which is designed to reflect the spending patterns of households with individuals age 62 or older more accurately…
Published by Pamela Kweller, RSSA®
Pamela Kweller is the Content & Community Manager at RSSA. She is also certified as a Registered Social Security Analyst®. The mission of RSSA is to help Americans get the maximum Social Security income they have earned, enabling them to enjoy their lives more fully. Contact Pamela: pkweller@rssa.com View more posts