The adjustments to Social Security are based on shaky CPI calculations that have been tampered with since the ’70s, and it’s downright infuriating. The BLS’s inflation estimates need some serious investigating.
And it gets even worse. The cost of living adjustments for Social Security are based off of the government's CPI estimates of inflation.
Since the 1970s, the US govt Bureau of Labor Statistics (BLS) has changed how they calculate inflation (CPI) to massage the data lower. They… https://t.co/lT7d8A8YgO
— Wall Street Mav (@WallStreetMav) November 10, 2023
There should be tax brackets by cost of living.
IRS has released tax brackets, inflation adjustments for 2024: pic.twitter.com/zYs4EMidbF
— unusual_whales (@unusual_whales) November 10, 2023