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Seniors say, 'We can't afford Social Security cuts'

April 11, 2013 8:33 PM
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Seniors say, 'We can't afford Social Security cuts'

That sentiment was echoed again and again in scores of e-mails sent to CNNMoney about President Obama's proposal to reduce cost of living adjustments for Social Security.

In his budget released Wednesday, the president proposed basing the way the annual increases are calculated on "chained CPI," which grows more slowly than the current inflation measure. That would mean that seniors would get smaller bumps in their Social Security payments each year.

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