Distributional Effects of Reducing the Cost-of-Living Adjustments - Text description for the line chart "Average individual benefit difference as a percentage of scheduled benefits for beneficiaries aged 62 or older in 2070, by policy option and age group"

Average individual benefit difference as a percentage of scheduled benefits for beneficiaries aged 62 or older in 2070, by policy option and age group
Age	Chained-CPI	Half-point	One-point	Payable
62–69	-1.3	-2.9	-5.6	-31.2
70–79	-2.9	-6.5	-12.5	-31.2
80–89	-5.0	-10.9	-20.6	-31.2
90 or older	-7.4	-16.0	-29.3	-31.2
SOURCE: Author's calculations using Modeling Income in the Near Term (MINT) data.
NOTE: CPI = consumer price index.