Be part of a “Human Chain Against the Chained CPI” on Tuesday—a national day of action to protest proposed cuts to Social Security, veterans' and other federal benefits. The so-called "Chained" CPI proposal would reduce cost-of-living adjustments and prevent benefits from keeping up with inflation. "Chained" CPI has been masquerading as a technical fix, but really it's just a benefit cut.
Human chains around congressional offices, federal buildings and other sites are scheduled for more than three dozen cities across the nation. A number of U.S. senators and representatives will join the human chains at several locations. Find an event near you.
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.