'Chained CPI Not a Tweak: It’s a Cut to Social Security,' Alliance Members Tell Congress
After Medicare deductions, Marty Alvarado has about $950 left in her monthly Social Security check. The Alliance for Retired Americans members from Dallas told a Capitol Hill Hands Off Social Security summit of Alliance members, lawmakers, senior activists and Social Security advocates:
As you might imagine that’s very difficult to live on. I cannot afford to lose any of my benefits due to the chained CPI cut in benefits. This is especially important to me as a woman. Women represent 57% of all Social Security beneficiaries. Chained CPI would hit female beneficiaries especially hard because we tend to live longer.
