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Social Security payments in the United States are currently linked to the Consumer Price Index for Urban Wage Enmers and Clerical Workers (CPI-W). This means
Social Security payments in the United States are currently linked to the Consumer Price Index for Urban Wage Enmers and Clerical Workers (CPI-W). This means that as the CPI-W shows an Increase in the price paryments will also increase, keeping the real value of the payment constant The following table shows the weighting gion to the different components in the CPI.W corsumption basket Weight Food and beverages 15 048 Housing 39 897 Apparol 3.623 Transportation Medical care 6. 767 Education and communication Other goods and services 3 510 Total It the boon suggested that using the CPI-W In adjust Social Security payments understates inflation for vendors Do you agree? Why of why not? A No, A Is widely recognized that the cost of living is overstated by the various CPI measures O B. Yes, because the weights in the GP.W fail to reflect the spending hahas of portion. C. Yes, but only if the weights in the CPI.W do not accurately rafiact the spending habis of servers and If the time that simon bary mom heavily thun the gorural populion to boot mommyicy run pean hour De No. Of a many price discounts thil senior oficons receive will nopate any manture ment problem with the Cri-W
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