Among other changes costing $100 billion over ten years, Bernie Sanders wants to change the CPI used to calculate the Social Security COLA from the CPI-W to the experimental CPI-E (elderly). The CPI-E puts greater emphasis on health care costs.
This is supposed to increase the COLA. However, according to the Chief Actuary for Social Security, the average annual increase over the current measure will be 0.2% or two tenths of one percent and in some scenarios the proposed measure results in a lower COLA.
Categories: Social Security