Why the Chained CPI is Harmful to the Most Vulnerable Americans

Yiyang Wang, Online Outreach Intern, writes for the National Women’s Law Center’s blog: “This week the U.S. House Committee on the Budget held a hearing on the progress of the War on Poverty. While poverty remains painfully high as the United States struggles to recover from the worst recession since the Great Depression, social insurance and safety net programs are lifting millions out of poverty. And the nation’s most effective anti-poverty program is Social Security. Without Social Security, a staggering 25 million more Americans – and half of women 65 and older would fall below the poverty line.”