The issue is that the CPI isn't the most accurate measure of the change in living costs for seniors. When the CPI was driven by the housing and tech bubbles, seniors actually did really well. Now senior living costs are hurt by the increasing cost of health care, gas (gotta travel to see the kids), and food (wait 'til the real cost of the drought shows up at the meat counter).
So should we argue for a more reflective measure of the CPI - that's a big "Nope." "Entitlement reformers" on both side of the political fence eye CPI changes as a fix to the budget mess. Remember - these "entitlements" are benefits based on taxes that you paid for your entire working life. SSA is a very easy fix and both parties know it (remember, it is one of the few truly regressive taxes - remove the FICA limit and SSA is fixed and those who pay in more will get a larger benefit; but due to how benefits are calculated - this will increase the trust fund).
Medicare is a harder fix and difficult choices will have to be made...and to avoid a political debate...I'm leaving it there.
So enjoy your little COLA and remember - sometimes the squeaky wheel complaining about the COLA may suddenly find that they are left with nothing but an axle and a bill. Silence can be golden.
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R.I.P. Gary...you will be sorely missed
When the going gets weird, the weird turn pro.
Hunter S. Thompson
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