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What has the data revealed since 1983? Is the senior market basket going up more quickly than that of other consumers?

April 26, 2017basket Consumers Data going market quickly revealed Senior since 1983

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What has the data revealed since 1983? Is the senior market basket going up more quickly than that of other consumers?

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Yes. A number of studies have compared the Consumer Price Index for the Elderly (CPI-E) with The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). TREA Senior Citizens League has monitored the CPI-E for several years. According to data from the Bureau of Labor Statistics over the 18-year period for which data is available, the CPI-E has grown about 15.31% more quickly than the CPI-W. For example seniors received a Cost-of-Living Adjustments (COLA) of 2.6% on January 1 of 2002. Had they received a COLA based on the CPI-E it would have been 3%.