An Update on Our Chained CPI Resources

With the chained CPI becoming a frequent topic among commentators, CRFB has put together a great deal of new analysis, which may be helpful in clarifying a number of facts about the measure of inflation.

Recently, the Moment of Truth Project’s Ed Lorenzen testified at the House Ways and Means Subcommittee on Social Security, where he presented the merits of switching to the more accurate measure of inflation. We blogged on the hearing here and his full testimony is also available in writing, but now you can either watch the full hearing or highlights of Lorenzen’s testimony.

We have also updated our one-stop resource page for the chained CPI, which now contains a one-page summary of MOT's "Measuring Up" report, answers to some frequently asked questions about the chained CPI, and a correction of some common myths about the index. As before, it contains some of the most useful CRFB blogs on the chained CPI as well as outside analysis and resources.

CRFB's chained CPI resource page can be found here.

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Student Loans Cost $340 Billion More than Expected

Based in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans issued between 2015 and 2024 has increased by $340 billion – from a projected gain of $135 billion in the 2014 baseline to an expected loss of $205 billion in the 2024 baseline. Much of the cost increase can be explained by the expansion and increased enrollment in income-driven repayment (IDR). In forward projections, graduate school loans are now nearly as subsidized as undergraduate loans and make up half of the cost of newly issued student loans. Reforming graduate loans to be cost-neutral would generate over $100 billion in deficit reduction over the next decade.

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