Using a Different Cost-of-Living Measure for Social Security Beneficiaries : Some Policy Considerations.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Aging.

Consumers.

Consumer price indexes.

Cost and standard of living.

Physical Description:

1 online resource (1 online resource (17 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Explains how social security cost-of-living adjustment (COLA) is computed under current law based on CPI for urban wage earners and clerical workers (CPI-W), and discusses concerns about CPI-W as a true measure of the cost of living. Summarizes alternative proposed measures of inflation, including the chained CPI for all urban consumers and the experimental CPI for Americans aged 62 and older. Examines policy considerations with respect to changing COLA calculation, including economic security among eligible beneficiary population, potential impact on older retirees benefit amounts, administrative issues related to alternative price indices, and financial impact on social security of basing COLA on alternative CPI indices. Summarizes recent proposals to require alternative COLA computations.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Using a Different Cost-of-Living Measure for Social Security Beneficiaries

Access Restriction:

Restricted for use by site license.