Also, the more seniors use cheaper alternatives, then the resulting lower CPI calculations will make it worse as the standard of living and COLA adjustments spiral downward. Are you aware of these issues? If you agree will you address these issues in further discussions with colleagues?
SKC961 karma
The true cost of chained cpi is seriously underestimated.
Senior's pay 0.27% more (CPI-E) than standard CPI estimates.
If COLA is adjusted down 0.30% then the difference becomes 0.57%.
http://d1lj51l9p3qzy9.cloudfront.net/handle/10207/bitstreams/96498.pdf
Also, the more seniors use cheaper alternatives, then the resulting lower CPI calculations will make it worse as the standard of living and COLA adjustments spiral downward. Are you aware of these issues? If you agree will you address these issues in further discussions with colleagues?
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