But an Arizona senior advocate says it makes assumptions about seniors that do not reflect reality. Chained CPI supporters say it is a more accurate measure of the cost-of-living. Steve Jennings of American Association of Retired Persons Arizona says it is not more accurate when it comes to seniors.
Jennings says the chained CPI represents a significant cut that would cost the average senior thousands of dollars in their retirement years. Women would be hit even harder, he says, because they tend to live longer and rely more heavily on Social Security.