“Before we discuss the nuances of the different measures of the CPI, it is important to keep in mind that millions of Americans rely on Social Security benefits for income protection. In fact, 65% of all beneficiaries rely on Social Security to provide 50% or more of their incomes, while 36% rely on benefits for 90% or more of their incomes. For non-married beneficiaries, including widows, the reliance is higher with 74% relying on benefits for 50% or more of their incomes and 46% relying for 90% or more of their incomes.”
http://www.marketwatch.com/story/chained-cpi-diet-cola-for-social-security-2012-12-20
Related posts:
Where in the World Is It Safe from Terror?
Google Trends: QE3
Drugs, steel, and MKULTRA: engineering the super-soldier
Bill Bonner: The Opportunity of a Lifetime – In Real Estate
Bill Bonner: The Making of a Modern Debt Slave...
Privatization Is the Best Response to FAA Deliberately Inconveniencing Air Passengers
Romney’s Paul Ryan VP Pick Pleases War Hawks
California’s Economic Suicide and other News from Yesterday’s Ballot Measures
Gun Violence is Not a Republican Problem
Here’s Why Bernanke is Clueless…
Back to Politics
Paul Craig Roberts: Spinning Bad Financial News Into Good
From Obamacare to Single Payer – We Told You So
Bill Bonner: What You NEED to Know about Wealth Inequality
The Green Energy Religion Meets the Real World