Join a Human Chain Against Chained CPI
Social Security advocates, senior activists, community and faith allies will form a “ Human Chain Against the Chained CPI ” in front of congressional offices and federal buildings in more than three dozen cities July 2. The Alliance for Retired Americans’ national day of action is designed to showcase the broad base of support for protecting and enhancing retirement security, not dismantling Social Security inch by inch.
The Chained CPI would cut Social Security, veterans and other federal benefits by changing the way cost-of-living adjustments are calculated. A study by Social Security Works shows that under chained CPI, someone retiring at age 65 would lose nearly $5,000 in Social Security benefits by age 75. By age 85, that person would lose almost $14,000. If he or she lived until 95, the loss would be more than $28,000.
At a recent congressional hearing, Rep. Xavier Becerra (D-Calif.) said:
The chained CPI is a substantial benefit cut for the wrong people—seniors, disabled workers, veterans, women and middle-income families. Cutting the COLA is particularly harmful to elderly women, who are more likely to be poor in retirement and less likely to have other resources to fall back on.
A number of U.S. senators and representatives will join the human chains at several locations. Find an event near you. You also can join the events through Facebook, and invite your friends to do the same .
