Filed Under:Life Insurance, Life Planning Strategies

A primer on chained Consumer Price Index

(AP file photo)
(AP file photo)

President Barack Obama's 2014 budget includes a key change in the way the government measures inflation. If adopted, the chained Consumer Price Index would have far-reaching effects because so many programs are adjusted each year based on year-to-year changes in consumer prices.

How it would work:

How it's perceived:

The proposed change is unpopular among many Democrats in Congress and advocates for seniors who complain that it would disproportionately hit low- and middle-income families.

Copyright 2016 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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