Chained CPI

Get ready to get screwed if the Chained CPI is implemented as your Social Security benefits will be reduced by 21%.  The data below is right from the Social Security  Administration website and shows the differences in Average Monthly Payments based on the CPI vs the Chained CPI.  If the Chained CPI was started in 2012 those getting Social Security would have seen their payments reduced by 21%.  Notice by 2050 the average Social Security Payment based on the CPI is $4678 or a whopping 174% increase.  Thus the people at SSA are forecasting an Annual Inflation Rate of  4.5% over the next 38 years.  If the cost of the products we currently buy increases by 174% in the next 38 years this country is in big trouble.    

Year		2012	2050
CPI Payout		$1706	$4678
Chained CPI Payout		$1334	$3658
		-21%	-21%