Woman earn less than men. They are more likely to have breaks in their working years to raise children and, later in life, care for elderly parents. During those breaks in service they are not accruing Social Security credits. Married women outlive their spouses and are likely to spend their declining years alone. Chained CPI disproportionately hurts women. It discriminates against women and for that reason, should be rejected.
Why is this important?
The effects of chained CPI benefit cuts will be cumulative. They will be felt at an age when women most need the help. As our other meager resources have diminished or been spent down, our Social Security benefits will be critical to our ability to live independently. But our Social Security benefits will not have keep pace with inflation. Married women outlive their spouses and may be on their own when the effects of the chained CPI kick in. Therefore, these cuts to Social Security will fall disproportionately on elderly women - single, divorced, widowed, .
