ThemusicalG

The Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027.The COLA is determined using the consumer price index for urban wage earners and clerical workers (CPI-W) data for the third quarter of the year, including the months of July, August and September. It aims to ensure that the purchasing power of Social Security benefits isn't eroded by inflation.On average, the COLA will increase Social Security retirement […]

Inflation accelerated in September as the pace of consumer price growth trended higher due to elevated energy prices.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.6% on a monthly basis and is up 3.7% from a year ago.The monthly figure was in line with the estimates of […]