Rep. Gallego’s bill proposes using CPI-E instead of CPI-W for Social Security COLA calculations.
This bill, called the Boosting Benefits and COLAs Act, wants to change how Social Security benefits are adjusted each year to keep up with inflation. Right now, they use the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), but the new bill proposes using the Consumer Price Index for Elderly Consumers (CPI-E) …