Personal income

Social Security adds safety protocols to protect people facing long wait times in adverse conditions

Social Security adds safety protocols to protect people facing long wait times in adverse conditions

A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images The agency’s service difficulties date back to before the pandemic, said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. “The Social Security Administration has been underfunded, shortchanged for over a decade …

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If you're 'unretiring' and collecting Social Security, here's what to know before heading back to work

If you’re ‘unretiring’ and collecting Social Security, here’s what to know before heading back to work

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America …

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Investors want to 'minimize uncertainty,' says behavioral finance expert, but 3 strategies can help them adapt quickly

Investors want to ‘minimize uncertainty,’ says behavioral finance expert, but 3 strategies can help them adapt quickly

David Sachs | The Image Bank | Getty Images It’s no secret that the first half of 2022 has ushered in a lot of expensive changes for consumers: The S&P 500 Index fell 20.6% in the largest first half decline since 1970, pulling down investors’ portfolios with it. The Federal Reserve in June approved a …

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Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Kevin Dietsch | Getty Images Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new Consumer Price Index data for June released on Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates …

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70% of Americans think a recession is coming: Here’s what they are doing to prepare

70% of Americans think a recession is coming: Here’s what they are doing to prepare

Woman on her back pushing shopping cart in supermarket aisle David Espejo | Getty Images Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — 70% — already believe an economic downturn is on its way, according to a new survey from …

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Protecting Social Security benefits from rising inflation is high on voters' wish lists, survey finds

Protecting Social Security benefits from rising inflation is high on voters’ wish lists, survey finds

A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security …

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Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Image Source | Getty Images New government inflation data came in hotter than expected last week. If record-high prices don’t subside, that will lead to a higher Social Security cost-of-living adjustment in 2023. Yet even with a more generous boost to benefits next year, there’s a growing campaign to change the way those annual benefit …

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Consumers changing eating, shopping habits as inflation pushes up prices

Consumers changing eating, shopping habits as inflation pushes up prices

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping habits, especially at the grocery …

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