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Today in Labor History

Feb. 23, 1940
Woody Guthrie wrote “This Land Is Your Land” following a frigid trip—partially by hitchhiking, partially by rail—from California to Manhattan. The Great Depression was still raging. Guthrie had heard Kate Smith’s recording of “God Bless America” and resolved to himself: “We can’t just bless America, we’ve got to change it.”
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Chained CPI: Bargaining With Your Future
Posted On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org








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Updated: Feb. 23 (16:43)

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