You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Letters | Clash over proposal to reform social security

Retirees shouldn’t have to bear burden

Tom Keane’s description of “chained CPI” is very clear, but his analysis of the proposed change to how the Consumer Price Index is used to calculate Social Security is utterly wrong (“Touching the third rail,” Op-ed, April 21). The existing CPI formula is not a “goodie.”

Let’s say this year I buy steak. Then inflation or a dip in my income forces me to switch to chicken. That’s a perfectly sensible situation. Then what? My career progresses, income picks up, and it’s steak again. Again, pretty easy to grasp this dynamic of inflation.

Continue reading below

But chained CPI only works when inflation’s effect is temporary. Retirees don’t have careers. Ten years of cuts under chained CPI means I’ll devolve from steak, to chicken, to cat food.

And all this for what? To avoid the alternative of increasing the Social Security tax cutoff? We don’t need to force real cuts on those who most rely on Social Security in retirement in order to save others a few bucks in taxes.

Russ Leach


Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of