Northern New York Newspapers
NNY Business
NNY Living
Wed., Oct. 7
Serving the communities of Jefferson, St. Lawrence and Lewis counties, New York
In print daily. Online always.
Related Stories

Social Security needs no consumer price index


I read recently in the AARP Bulletin that Congress is considering calculating Social Security’s annual cost-of-living adjustment using a chained CPI, or consumer price index. This would cut benefits for the oldest Americans, who are least able to afford it.

The cumulative effect of using a CPI to cut costs means that by the time today’s retirees reach age 92, their annual Social Security checks will be cut by almost 10 percent. That’s a huge cut for someone who is already trying to decide whether to buy food or medicine.

Legislators should think about the impact these changes will have on seniors and their families before they propose any cuts or changes to the system. Social Security is strong enough right now to remain solvent for at least the next decade. Though adjustments to Social Security need to be made, there is no reason to turn our most vulnerable citizens into bargaining chips in the “fiscal cliff” debate.

Sheila Corey

Sackets Harbor

Commenting rules:
  1. Stick to the topic of the article/letter/editorial.
  2. When responding to issues raised by other commenters, do not engage in personal attacks or name-calling.
  3. Comments that include profanity/obscenities or are libelous in nature will be removed without warning.
Violators' commenting privileges may be revoked indefinitely. By commenting you agree to our full Terms of Use.
Syracuse Football Tickets Giveaway
Connect with Us
WDT News FeedsWDT on FacebookWDT on TwitterWDT on InstagramWDT for iOS: iPad, iPhone, and iPod touchWDT for Android
Showcase of Homes
Showcase of Homes