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Chained CPI Would Have Resulted In a Larger COLA Increase for 2014, Not a Smaller One
Committee on Ways and Means, U.S. House of Representatives Link to more items from this source
Nov. 4, 2013
"If the more accurate chained CPI was used to determine the 2014 cost of living increase, seniors would see a 1.7 percent increase as opposed to this year's increase of 1.5 percent. What does a 1.7 percent increase mean? On average, that is an extra $21.60 each month for seniors to use on groceries, bills and medicine."

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