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Snapshot: Proposed Social Security Price Indexing Would Slash Benefits
Economic Policy InstituteLink to more items from this source
Feb. 10, 2005

Excerpt: The Bush Administration has spoken favorably about substituting price indexing for wage indexing, a change that was a centerpiece of Plan 2 of the President's Social Security commission. Under this change, benefits would no longer reflect improvements in the country's standard of living, but would just be indexed to prices. It is hard to overstate the effect of that substitution on hypothetical future benefits.

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