Here's Where Social Security's 2023 COLA Ranks, Historically
Next year's cost-of-living adjustment (COLA) will be historic for many, but a wider-lens look tells a different story.
Next year's cost-of-living adjustment (COLA) will be historic for many, but a wider-lens look tells a different story.
Since its inception, Social Security has been a pivotal part of many Americans' retirement planning. After decades of paying Social Security taxes, it's a way for retirees to reap the benefits with a safety net of income in their golden years. As people near retirement, it's common to wonder what role Social Security will play in your retirement, whether it will be a little, most, or all of your income.
Futures tracking Wall Street's indexes were largely subdued on Friday as investors were on edge in the run up to Federal Reserve Chair Jerome Powell's comments that are expected to hold clues on the interest rate path. This come after the S&P 500 and Nasdaq finished November with their biggest monthly gain since July 2022, while the Dow Jones rallied to close at its highest level since January 2022. Data showing slowing U.S. consumer spending, dovish comments from some Fed officials and a strong earnings season led the equity indexes to have a stellar November.
As markets continue to push back against the Federal Reserve's higher-for-longer message, traders will be watching Chair Jerome Powell's comments on Friday - the last opportunity the central bank has to set expectations before their December meeting. The Fed enters its blackout period on Saturday before its Dec. 14 announcement, and Powell, due to speak at Spelman College, has a tough job getting the market to believe him when he says that interest rates will stay high through 2024. Data on Thursday showed the PCE price index, the Fed's targeted measure of inflation, eased in October to its lowest level since March 2021, while the consumer price index, released earlier last month, increased just 3.2% on an annual basis in October, down from a peak of 9.1% in June 2022.
Indicted Republican George Santos' brief career in the U.S. House of Representatives could come to an end on Friday, when fellow lawmakers are due to vote on whether to expel him over criminal corruption charges and accusations of misspending campaign money. Santos, 35, has been mired in controversy since his 2022 election. Santos has pleaded not guilty to those charges.
Currently I am listening to my emotions, letting them guide me to act in alignment with my core values.
Vincent Kompany had no intention of downplaying its significance. “It’s that kind of fixture,” the Burnley manager said. “There’s no need to say any different. It’s a massive game for both teams. They’re not the easiest ones leading in to but they’re the ones that make you”.
The United Nations on Friday deplored the resumption of military operations in Gaza, describing the hostilities as "catastrophic" and urging parties to ensure a lasting ceasefire be upheld. Israeli warplanes resumed bombing Gaza, causing Palestinian civilians to flee for shelter after the collapse of a week-old truce that ran out with no deal to extend it. "The resumption of hostilities in Gaza is catastrophic," said Volker Turk, the United Nations High Commissioner for Human Rights.
The Hall of Fame could be getting some new members this weekend, by way of the Contemporary Baseball Era committee. I bet you didn’t know that existed. Up for election this year are managers Cito Gaston, Dave Johnson, Lou Piniella and Jim Leyland, umpires Joe West and Ed Montague, and executives Hank Peters and Bill White. The selection process for this competition is a bit quirky. The individuals were chosen for the ballot based on making their biggest impact after 1980, but behind closed doors
On Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here. ___ Aaron Rodgers defied conventional medicine by returning to practice just 77 days after surgery for a torn Achilles tendon. How he did it should be the No. 1 question instead of questioning his motivation. Even if Rodgers doesn’t play again for the New York Jets (4-7) this season because it wouldn’t make sense if they’re eliminated from the playoff race, his remarkable recovery sets
Elon Musk's explosive call-out of Disney CEO Bob Iger highlights a fundamental conflict in how the world's richest individual views speech and advertising on his platform X.
U2, Paul Weller and Pete Doherty lead the tributes to the Pogues frontman, who died on Thursday.
Turns out, we're a secretive bunch.
Streaming platforms Netflix, Disney+, Crave, Prime Video, Paramount+, Apple TV+ and more have new shows, movies to binge during the December holidays.
Its striking patterned leaves, which unfurl every morning, add a wild element to a home
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I sold most of my possessions and gave up my home in anticipation of my departure, says retired flight attendant Meredith Shay
Rake up those wet autumn leaves and let them decompose – it’s a free and easy way to enrich your soil
Worries that gambling addiction has spiked in the US as legal sports betting booms have led to calls for increased regulation
Being unable to borrow money when you need to can put a serious dent in your finances. Learn how to avoid being denied credit in the future.