Social Security yearly increase should match the consumer price index
Open letter to Senator Kelly Anthon, majority leader and Senator Brandon Shippy, District 9:
Seniors, in my estimation are in the 62-70 year range. Certainly, most of us live to 78 years and beyond. Most of our costs center around food, up 4.7 percent, healthcare, up 7.6 percent and rent, up 7.1 percent in 2024. Social security mostly is for senior citizens whom have paid into the system for decades. Over 40 percent of seniors only live on Social Security.
Therefore, when the annual cost of living adjustment (CPI) is given, it needs to be accurate. Seniors depend upon this. Currently, the CPI gets its data from wage earner inflation (CPI-W) not the elderly (CPI-E) data. Why would wage earners and not elderly inflation data be used? The 2025 CPI of 2.5 percent is way off the mark of 4.5 percent the elderly are facing during 2024 moving into 2025.
I would like to see a committee or some type of a official declaration be forwarded to The White House confirming your commitment to seniors in regards to proper delegation of our cost of living adjustments!
Regards,
Mark Curry,
Weiser, Idaho
Category:
Signal American
18 E. Idaho St.
Weiser, ID 83672
PH: (208) 549-1717
FAX: (208) 549-1718
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