Social Security benefits will get a boost for next year following the announcement of the annual cost-of-living adjustment (COLA) on Friday, a debate is emerging over whether there is a more appropriate inflation gauge that should be used to update benefits.

The Senior Citizens League (TSCL) released a report noting that the current inflation gauge used to compute the annual Social Security COLA, known as CPI-W, has yielded slightly smaller COLAs than would've been doled out using an elderly-focused inflation metric , known as CPI-E.

It found the average CPI-E is about 0.1 percentage points higher than CPI-W. CPI-W tracks inflation among urban wage earners and clerical workers using a basket of consumer goods and services, whereas CPI-E measures inflation for Americans aged 62 and

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