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Protestors Decry Linking Social Security To Cost Of Living

The Indiana Alliance for Retired Americans hosted protests in Indiana Tuesday to denounce a proposal they say would reduce Social Security benefits.

Alliance Ralliers

Photo: Brandon Smith/IPBS

Ralliers hold a paper chain in a demonstration against linking Social Security benefits to the consumer price index.

An Indiana advocacy group joined dozens of rallies across the state and country against a proposed change to Social Security it says will cut benefits for seniors.

A proposed change in the House Republican budget in Congress would tie Social Security’s cost-of-living adjustments to chained CPI, a measure of the Consumer Price Index. It is a move aimed at helping reduce the ballooning national debt.

But seniors groups like the Indiana Alliance for Retired Americans say chained CPI could cost seniors as much as six thousand dollars in benefits over 15 years.

Alliance President Elmer Blankenship says that is because chained CPI does not account for increases in healthcare costs.  And he says seniors are already vulnerable to those costs without a cut in Social Security.

“About a third of the people depend on Social Security for 90 percent of their income,” he says.

Blankenship says the Alliance wants to use a formula supported by Indiana 7th District Congressman Andre Carson. Carson says the problem with chained CPI is that it uses data from all age ranges.

He is proposing a formula called CPI-E that is specific to seniors and how much their expenses are increasingBlankenship says CPI-E would result in a roughly $8000 a year benefit increase for senior citizens

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

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  • Jack_M_eoph

    It’s a cold heartless wind that blows across america.
    It can be expected to cool much further unless the population stops hating each other and starts seeing their strength is only in unity.
    That’ll be a while!

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