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What is Chained CPI for Social Security Indexing about?

This document discusses using the chained CPI to index Social Security and other federal programs for inflation. It finds that the chained CPI grows more slowly than the traditional CPI by about 0.25% per year on average. Switching to the chained CPI would reduce mandatory spending by $216 billion from 2014-2023 and increase revenues by $124 billion. However, the chained CPI may understate inflation for some groups like the elderly and its values are revised over time, requiring indexing to a preliminary es

Author

Michael Hiltzik

Language

EN