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☆ Credit card debt among retirees jumps — 'It's alarming,' researcher says
▼ + stars: | 2024-11-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Retirees' debt was rising before the pandemicRising debt levels were a problem for older Americans even before pandemic-era inflation. The typical family with heads age 75 and older had $1,700 of credit card debt in 2022, EBRI said in the August report. Those with heads age 65 to 74 had $3,500 of credit card debt, it said. Meanwhile, any spending cuts should be applied to reduce credit card debt, McClanahan explains. Boost income Retirees can also consider going back to work at least part time to earn more income, McClanahan said.

Persons: Bridget Bearden, Bearden, it's, EBRI, Louis, Carolyn McClanahan, She's, McClanahan, Cardholders, Cook, Ted Jenkin, Winnie Sun Organizations: Research Institute, Social Security, Senior Citizens League, Reserve Bank of St, Federal Reserve, U.S . Federal Reserve, Federal Reserve Bank of St, Planning Partners, CNBC's, CNBC, Facebook, Craigslist, Sun Group Wealth Partners Locations: Louis, Jacksonville , Florida, Irvine , California

☆ Australian school named world’s best new building of 2024
▼ + stars: | 2024-11-08 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

Singapore CNN —A humble suburban school in Australia has fended off competition from skyscrapers, museums and airport terminals to be named World Building of the Year 2024. Brett BoardmanA school had long been on the south Sydney site, though the old 1970s building was no longer fit for purpose, according to fjcstudio, the design firm behind the project. The World Building of the Year was selected from the winners of each category, as chosen by a panel of 175 festival delegates. Friday’s result marks the second consecutive year that the WAF judges opted for an educational building, with a serene boarding school in China taking last year’s title. Darlington Public School is also the second Sydney building to win in the past three years, after Quay Quarter Tower — dubbed the world’s first “upcycled” skyscraper for retaining two-thirds of an old high-rise on the site — won in 2022.

Persons: Singapore CNN —, Brett Boardman, fjcstudio, Alessandro Rossi, “, ”, — Organizations: Singapore CNN, Darlington Public School, Housing, Darlington Public, National Star Observatory of Locations: Singapore, Australia, Sydney, Chippendale, fjcstudio, WAF, ” Sydney, National Star Observatory of Cyprus, Polish, Turkey, China, Copenhagen, Denmark

☆ Here’s what Trump is proposing for the economy
▼ + stars: | 2024-11-06 | by ( Katie Lobosco | Tami Luhby | ) edition.cnn.com time to read: +10 min

This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax exemption. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. However, these workers would then get smaller Social Security payments after they retire. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Trump has also floated ending the federal income tax and replacing it with revenue from tariffs.

Persons: Donald Trump, Trump, Kamala Harris, hasn’t, Ohio Sen, JD Vance, He’s, Harris, Elon Musk, John Deere, ” Vance Organizations: Washington CNN —, Security, Democratic, Social Security, Center, Social, Budget, Trump, Biden, Republican Party, ” Invest, Federal Reserve Locations: Las Vegas, Mexico, Canada, Midwest

☆ 'Silver economy' boom: China transforms kindergartens into senior care homes as demographic crisis deepens
▼ + stars: | 2024-10-31 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Plagued by shrinking birth rates and a rapidly aging population, tens of thousands of Chinese kindergartens have scaled back operations, closed down entirely or pivoted industries to survive. One preschool in the eastern province of Zhejiang still operates as a daycare, but instead of serving children, they're now catering to senior citizens. Last year, Zhuang Yanfang, 56, repurposed her kindergarten in the city of Jinhua, Zhejiang, into a senior nursing center. Conversely, as preschools suffer, the senior care industry is thriving in China's aging population crisis. "China's aging will only intensify," said Harry Murphy Cruise, an economist at Moody's Analytics.

Persons: Zhuang Yanfang, Harry Murphy Cruise, Cruise Organizations: China's Ministry of Education, China's Communist Party, Office, State Council, Moody's Locations: Zhejiang, Jinhua, China

☆ 33-year-old who left the U.S. to live minutes from the ocean in Jamaica: 'I feel like I have a better chance of longevity here'
▼ + stars: | 2024-10-30 | by ( Tiffany Grant | ) www.cnbc.com time to read: +4 min

I am minutes away from the ocean and one of my favorite restaurants on the island. This spring, I made the leap and moved with my two youngest kids to Negril, Jamaica. Overall, I feel like I have a better chance of longevity here. To me, the food in Jamaica tastes different from the food in the U.S. I knew only about four of my neighbors on the street and I lived in that house for seven years.

Persons: I've Organizations: U.S Locations: Jamaica, Negril, U.S, North Carolina, It's, States

☆ What Harris and Trump are proposing for the economy
▼ + stars: | 2024-10-27 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +21 min

CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.

Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest

Former President Donald Trump’s closing message to a number of different groups increasingly includes this harsh line: Members of the group not voting for him need to have their "head examined." “Any African American or Hispanic that votes for Kamala … you got to have your head examined,” Trump said during an Atlanta rally Tuesday night. Trump has most often used the construct when speaking of Jewish voters. It's a group of voters Trump won 50-46 in 2016 when running against Hillary Clinton. “If any senior does not vote for Trump, we’re gonna have to send you to a psychiatrist to have your head examined,” he added.

Persons: Donald Trump’s, Kamala …, ” Trump, they're, Trump, Harris, Joe Biden, “ Biden, Biden, preemptively, It's, Hillary Clinton, Kamala Harris, Clinton, we’re, ”, “, Amy Spitalnick, “ Trump, he’s Organizations: Jewish, Catholic, Trump, NBC, “, Social Security, Public Affairs, NBC News Locations: Atlanta, Israel, Gaza

Social Security recipients can expect a 2.5% cost-of-living adjustment (COLA) increase in their payments starting in 2025 amid cooling inflation. On Thursday, the Bureau of Labor Statistics reported the 12-month consumer price index inflation rate hit 2.4% in September. The Social Security Administration calculates the annual COLA based on consumer price growth in the months of July, August and September. That, advocates say, is proof that seniors and other Social Security recipients are facing a declining standard of living. “Congress knows this problem is going on, but the gridlock can’t seem to solve anything, much less the third rail of politics that is Social Security,” said Shannon G. Benton, executive director of the Senior Citizens League, an advocacy group.

Persons: ”, Mary Johnson, Shannon G, Benton Organizations: of Labor Statistics, Social Security Administration, for Social Security, Data, Bureau of Labor Statistics, Social, Social Security, CPI, “, Senior Citizens League Locations: Washington

☆ Social Security Administration announces 2.5% cost-of-living adjustment for 2025
▼ + stars: | 2024-10-10 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

More than 72.5 million Americans will see a 2.5% cost-of-living adjustment to benefit payments in 2025, the Social Security Administration announced on Thursday. The Social Security cost-of-living adjustment for 2025 is the lowest annual increase since 2021, when beneficiaries saw a 1.3% increase to benefits. While the cost-of-living adjustment for 2024 was 3.2%, beneficiaries saw the highest increases in four decades in 2023, with an 8.7% increase, and in 2022, with a 5.9% boost to benefits. Now that the pace of inflation has come down, the cost-of-living adjustments are more average. Social Security's annual benefit increases have averaged about 2.6% over the past 20 years, according to the Senior Citizens League, a nonpartisan senior group.

Persons: COLAs Organizations: Social Security Administration, CNBC, Social Security, Senior Citizens League

☆ Social Security cost-of-living adjustment for 2025: Here's how benefits may change
▼ + stars: | 2024-10-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

The Social Security cost-of-living adjustment, or COLA, could be 2.5% next year, Mary Johnson, an independent Social Security and Medicare analyst, predicted last month. The Social Security Administration is expected to announce the COLA for 2025 on Thursday. Social Security COLAs have averaged about 2.6% over the past 20 years, according to the Senior Citizens League. More from Personal Finance:House may force vote on bill affecting pensioners' Social Security benefitsWhy children miss out on Social Security survivor benefits72% of Americans worry Social Security will run out in their lifetimesCould the Social Security COLA estimate change? The official Social Security cost-of-living adjustment will factor in one more month of government inflation data when it is announced.

Persons: Mary Johnson, Joe Elsasser, Elsasser, Alicia Munnell, Johnson, Hurricane Helene Organizations: Social, Social Security, Social Security Administration, Senior Citizens League, Center for Retirement Research, Boston College, Finance, Urban, Clerical Workers

☆ ‘Hotel in nature’: Inside the world’s best new skyscraper
▼ + stars: | 2024-10-06 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

This is Singapore’s Pan Pacific Orchard, which has just been named the world’s best new tall building by the Council on Tall Buildings and Urban Habitat (CTBUH). Video Ad Feedback Watch: Take a look inside Pan Pacific Orchard. In some areas, Singapore’s strict building codes even require property developers to include large amounts of greenery when constructing new towers. Combined, the green spaces at Pan Pacific Orchard amount to around three times more than this legal minimum. “Pan Pacific Orchard represents the best in responsible vertical urbanism today,” said CTBUH’s CEO, Javier Quintana de Uña, in a statement.

Persons: Darren Soh, ”, Hong Wei, Phua, Singapore’s, Lee Kuan Yew, Marc Tan, Mun Summ Wong, 3XN, Javier Quintana de Uña Organizations: Singapore CNN, CNN, UOL Group, Pan, ”, Vanderbilt Locations: Singapore, Pacific, WOHA, Orchard, ”, Pacific Orchard, New York City

Donald Trump narrowly captured each on his way to collapsing the Democrats’ vaunted “blue wall” in 2016. Wages going up. Wages going up. I talk to my friends, ‘Your wages going up?’ No. The pandemic-era stimulus checks, which Trump made a point of putting his name on, also come up regularly.

Persons: Hurley Coleman III, ’ ”, Phil Kerner’s, us, ” Kerner, ”, Barack Obama, Donald Trump, Joe Biden, ” Coleman, Kamala Harris, Hurley Coleman, Coleman, “, ” Hurley Coleman Jr, –, Phil Kerner, hasn’t, Edward, he’s, Kerner, George W, Bush, Guy, “ I’m, CNN –, CNN ‘, Trump ’ Kerner, I’m, “ It’s, Hurley Coleman Jr, Harris, HJ, He’s, Trump, Biden, that’s Organizations: CNN, Trump, General Motors, GM, of God, atrophied, Phil Kerner CNN, Republican, Democratic National Convention Locations: Saginaw , Michigan, Pennsylvania, Erie, Central Michigan, Erie , Pennsylvania, Saginaw

Social Security recipients can expect next year's annual cost-of-living adjustment (COLA) to be the lowest since 2021, following cooler inflation readings in July and August. The Social Security Administration is expected to announce the official cost-of-living adjustment for 2025 on Oct. 10. Much of the political debate about Social Security remains focused on reforming — and ultimately paring back — the entire program. But earlier this year, Democratic Sen. Bob Casey of Pennsylvania introduced the Boosting Benefits and COLAs for Seniors Act, designed to increase Social Security benefits at a rate "that actually reflects the costs seniors face." "The Boosting Benefits and COLAs for Seniors Act would help seniors contend with rising costs and ensure that Social Security remains a lifeline for all who need it.”

Persons: ” Mary Johnson, Johnson, Democratic Sen, Bob Casey of, ” Casey, ” Organizations: of Labor Statistics, Social, Senior Citizens League, Social Security, Medicare, Trustees, Social Security Administration, League, Democratic, Seniors, Bureau of Labor Statistics, , Social Security, Security Locations: Bob Casey of Pennsylvania, Pennsylvania

☆ The bitcoin ATM has emerged as one of cryptocurrency's biggest threats
▼ + stars: | 2024-09-08 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. So, while a cash ATM tucked away between the snack cakes and energy drinks at a gas station may not draw much attention, a bitcoin ATM gets more scrutiny from bad actors. But in addition to old tricks, there are newer threats bitcoin ATMs introduce that cash ATMs do not face. Although the bitcoin ATM isn't exactly drawing crowds, Patel says a surprising number of senior citizens show up at the kiosk, alarming given the rise of bitcoin ATM scams targeting seniors. Basic steps to avoid bitcoin ATM scamsTo protect against these scams, users should be cautious and skeptical of any request to pay through a bitcoin ATM.

Persons: Timothy Bates, Bates, Joe Dobson, Dobson, Donald Trump's, J.D, Vance, refashioned, Elon Musk, Sai Patel, Patel, Alice Frei, Frei Organizations: University of Michigan's College of Innovation, Technology, Federal Trade Commission, Google, Social, Middletown Food Mart, Ohio, Trump Locations: United States, Middletown , Ohio, Middletown

☆ Social Security benefits aren’t keeping up with inflation
▼ + stars: | 2024-08-14 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

But the widowed 78-year-old now has to skimp on her meals because her Social Security benefits haven’t kept up with the rising costs for food, housing and health care in recent years. Social Security benefits have lost 20% of their buying power since 2010, according to a recent analysis by The Senior Citizens League, an advocacy group. Every January, Social Security recipients get an annual cost-of-living adjustment, known as a COLA, but the increases often don’t keep up with the actual rise in prices – hurting senior citizens, many of whom live on fixed incomes and depend heavily on their Social Security benefits. Social Security benefits have risen by 58% between 2010 and 2024, but the cost of goods and services purchased by typical retirees jumped 73% during that time, the league said. For Albrecht, it feels like her Social Security benefits have lost more than 20% of their buying power.

Persons: Janet Albrecht, haven’t, Albrecht, hasn’t, ”, Shannon Benton, That’s, “ Organizations: CNN, Security, Social, Social Security, Senior Citizens League Locations: an Indiana , Pennsylvania

☆ Older Americans prepare themselves for a world altered by artificial intelligence
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

Artificial intelligence offers significant benefits for seniors, from the ability to curb loneliness to making it easier for them to get to medical appointments. I’m too old to worry about that.”Classes like these aim to familiarize aging early adopters with the myriad ways the technology could better their lives but also encourage skepticism about how artificial intelligence can distort the truth. What are the geopolitical implications of artificial intelligence? Seniors who have taken such AI classes said they came away with a clear understanding of AI’s benefits and pitfalls. You really have to question it,” said Linda Chipko, a 70-year-old who attended an AI class in June in suburban Atlanta.

Persons: ”, “, Barbara Winston, Winston, “ I’m, Michael Gershbein, Gershbein, Dianne Stone, Siwei Lyu, Lyu, Linda Chipko, Chipko, “ It’s, Ruth Schneiderman, ” Schneiderman Organizations: North Shore Senior Center, AARP, AI, National Council, Aging, University, Buffalo, Seniors Locations: NORTHFIELD, Ill, Chicago, Northfield, “, Charleston , South Carolina, Connecticut, Atlanta

☆ Boomer Loves Retirement, Living in DC, Gets Government Benefits
▼ + stars: | 2024-07-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Cole is an example of what retirement can look like with a good savings plan and a variety of government assistance programs. Her prior government role left her with a hefty retirement benefit; she still gets healthcare. She's taken advantage of a few water aerobics classes in DC and was swimming up at a pool near Capitol Hill. "The last season," what she calls the "senior season" of life, is the best, Cole said. "I know people think they're in a good season now, but live long enough to get that Medicaid card," she said, adding: "I don't have nobody to tell me what to do.

Persons: —, Carol Cole, she's, Fred —, Cole, scot, didn't, Carol, Harris Teeter, Ross, She's, It's Organizations: Service, Fiat, Business, Produce, Kennedy Center, DC, Amtrak Locations: Washington, Charlottesville , Virginia, bam, It's, San Francisco, Chicago, Denver, Reno, Vegas

At Business Insider, we independently monitor and review the best CD interest rates from over 100 financial institutions to help you find the right CD. Best CD Rates Today by TermCredit unions offer many of the best current CD rates right now. The best no-penalty CDs will offer rates slightly higher than the best high-yield savings accounts, and can offer a substantially improved interest rate over traditional brick-and-mortar savings accounts. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. What's the difference between best CD rates and best CD offers?

Persons: You'll, isn't, DollarSavingsDirect, you'll, they've, Mykail James, Roger Ma, it's, Tania Brown, Sophia Acevedo Organizations: Business, California Coast Credit, Term, Bank, Credit, Credit Union, California Coast Credit Union, Climate, City National Bank of Florida, U.S ., Google, Apple, USALLIANCE, American Consumer Council, of Community Services, Emigrant Bank, BMO Alto, BMO Bank, BMO, Valley Bank, Ponce Bank, Insurance Locations: California, San Diego, Riverside, Florida , Puerto Rico, Somoa, Guam, Northern Mariana Islands, U.S, U.S . Virgin Islands, it's, Maryland , Virginia, Washington, California , Vermont, Nevada, Virginia , Maryland, Massachusetts , Connecticut , New Jersey, New York, Arco, Westchester, —, NCUA, Chevron

☆ A boomer gets just $1,056 a month in Social Security and works as a bus driver: 'I don't see myself being able to retire, but I'm grateful and healthy'
▼ + stars: | 2024-07-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Read previewEmma Echols, 68, lives off $1,056 a month in Social Security and a part-time bus driver job in Alabama. Echols has worked since she was 12, working as a chef, a convenience store general manager, and a bus driver. "I always wanted to earn my own money," Echols said. "I always wanted to work, and at the age of 14, someone started my Social Security records for me. AdvertisementHer Social Security is $1,056 a month, a 25% reduction from her potential full benefit because she accepted payments early.

Persons: —, Emma Echols, she's, Echols, I've, hasn't Organizations: Service, Social Security, Business, Survey, Security Locations: Alabama

☆ Japan’s aging society is transforming the baby care business.
▼ + stars: | 2024-07-05 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

Last year, almost 30% of the Japanese population was 65 or older. In June 2023, Japanese Prime Minister Fumio Kishida unveiled a multi-billion dollar package of measures to encourage families to have more children. The growth of the older population is also changing the consumer product market. Demand for adult diapers in Japan has been rising, while the need for baby diapers has fallen. Electronics giant Panasonic has been researching and developing products aimed at the older population since 1990, according to its website.

Persons: Fumio Kishida Organizations: Hong Kong CNN, United Nations, UN, Euromonitor, Oji Holdings, Electronics, Panasonic, Ministry of, Hong, Seniors Locations: Hong Kong, Japan, China, Indonesia, Malaysia, Asia, South Korea, Taiwan, Africa, Europe, Northern America, America, Caribbean, Northern Africa, Western Asia, Saharan Africa

☆ Preliminary results project Claudia Sheinbaum to become Mexico’s first female president
▼ + stars: | 2024-06-03 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Mexico is set to elect its first female president, with preliminary results showing Claudia Sheinbaum, Mexico City’s former mayor and climate scientist, is on track to win the country’s largest election in history. The 61-year-old rode the wave of popularity of her longtime political ally, the outgoing leftist Mexican President Andrés Manuel López Obrador, and their Morena party. Not only is she set to be Mexico’s first female president, Sheinbaum will also be the country’s first leader of Jewish heritage, although she rarely speaks publicly about her personal background and has governed as a secular leftist. Supporters of Claudia Sheinbaum celebrate during an election rally in Mexico City on June 2, 2024. If the court validates the election, Sheinbaum will take office on October 1.

Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador, Xóchitl Gálvez, Jorge Álvarez Máynez, Sheinbaum’s, Luis Antonio Rojas, Jesús María Tarriba Unger, López Obrador, coy Organizations: CNN, National Electoral Institute, National Action, Institutional Revolutionary, Democratic Revolution, Citizens ’ Movement, Bloomberg, Getty, Morena, Mexico City, Judicial, Federation Locations: Mexico, Morena, Mexico City

☆ Cracker Barrel is in a battle for relevancy. One of its solutions is surprising
▼ + stars: | 2024-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New Cracker Barrels might be smaller restaurants altogether, with menus that include new items like green chili cornbread and banana pudding. Discounted dinner from 4 to 6 p.m.Why would Cracker Barrel, so desperate for relevancy, lean into a tactic typically used to attract senior citizens? A woman eats lunch at Cracker Barrel. Masino didn’t explicitly mention the specials during the discussion about the long-term strategy for Cracker Barrel. To compete in this environment, Cracker Barrel realizes it has to offer some type of deal.

Persons: Julie Felss Masino, ” Masino, ”, Jeff Greenberg, Baby, Masino, Lisa W, Miller, RJ Hottovy, It’s, “, John A, Gordon Organizations: New, New York CNN, Universal, Getty, Baby Boomers, Miller & Associates, Street Journal, Pacific Management Consulting Group Locations: New York, The Tennessee, Placer.ai

☆ Mexico election: What to know about a historic presidential race
▼ + stars: | 2024-06-01 | by ( Aditi Sangal | ) edition.cnn.com time to read: +6 min

Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.

Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, “, Lopez, •, Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States

☆ Social Security's 2025 bump is projected to be the smallest in 5 years
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

The Senior Citizens League's latest projection forecasts Social Security's 2025 cost-of-living adjustment (COLA) to be just 2.66%, the lowest increase since before the pandemic. AdvertisementAccording to the Social Security Administration, the average monthly benefit in 2024 is $1,907, up about $50 from 2023. Over 67 million Americans receive Social Security. AdvertisementOver 67 million Americans receive Social Security, and an increase is not guaranteed. Since the COLA was added to Social Security benefits in 1975, there have been three years without a bump in the monthly checks.

Persons: —, Shannon Benton, Benton, Ippei Naoi Organizations: Service, The, Business, Social Security, Senior Citizens League, Social Security Administration, Senior Citizen, Social, Labor Statistics, Citizen

☆ What life is like in the world’s happiest country, from a 28-year-old who left the U.S. for Finland
▼ + stars: | 2024-05-18 | by ( Jade Ventoniemi | ) www.cnbc.com time to read: +7 min

I feel so fulfilled by my life in Finland. I was introduced to cross-country skiing when I moved to Finland five years ago, and now it is one my favorite hobbies." Finland is the first place I lived after college and the first place my husband and I lived together. You can follow her journey and life in Finland on Instagram or TikTok. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Jade Ventoniemi, I've, Ventoniemi, Jade Organizations: Southern, NCAA, CNBC Locations: Finland, U.S, Florida, States, Lapland, Kuusamo, Southern USA, American, Lahti

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