The Chained CPI Affects All Social Security Beneficiaries

Some politicians in Washington are proposing to cut benefits for all Social Security beneficiaries by changing the formula used to calculate cost-of-living adjustments (COLAs). The stingier formula, known as the chained CPI, would significantly cut the benefits of all current and future Social Security beneficiaries, including current retirees, disabled workers, and others – even after politicians promised repeatedly that any changes to Social Security would not affect current beneficiaries.

Any budget or plan that includes the chained CPI will hurt Social Security beneficiaries. This fact sheet documents how budget proposals that include the chained CPI are a real threat to the financial security of every American who does currently or will rely on Social Security.

The Chained CPI: A Benefit Cut Affecting Everyone