October 13, 2022 6:41pm EDT
White House chief of staff blasted for boasting about Social Security increases caused by high inflation rates
The consumer price index rose by 8.2% in September compared to last year
By Lindsay Kornick | Fox News
White House chief of staff Ron Klain faced social media backlash on Thursday for praising rising Social Security benefits following another high inflation report.
The September inflation report found that the consumer price index (CPI) rose by approximately 0.4% from the previous month with inflation hitting 8.2% since last year. The numbers were higher than the original 8.1% headline figure and the 0.2% monthly increase forecast by Refinitiv economists.
Despite this report, Klain heavily promoted the additional news that Social Security benefits are set to rise by 8.7%, the largest cost-of-living adjustment (COLA) since 1981. The Social Security Administration calculates COLA based on the increase in CPI from the third quarter of 2021 to third quarter 2022.
"And for the first time in a decade, SS benefits will go up while Medicare premiums are going DOWN. So Seniors will get ahead on inflation," Klain tweeted along with a report from the Associated Press.
https://twitter.com/WHCOS/status/1580528356973387776more
https://www.foxnews.com/media/white-house-chief-staff-blasted-boasting-social-security-increases-caused-high-inflation-rates
