18 minutes ago US stocks open higher after S&P 500’s best week in 2023 Stocks opened higher Monday to start the week after the S&P 500 posted its best weekly streak of the year. The Dow Jones Industrial Average rose 71 points, or 0.2%. The S&P 500 and Nasdaq Composite gained 0.2% and 0.3%, respectively. …
MonicaNinker / iStock.com Social Security beneficiaries finally learned how much the annual cost of living adjustment (COLA) will be in 2024, thanks to the Social Security Administration’s highly anticipated announcement earlier this month. As expected, the COLA will be 3.2% next year, well below the 2023 COLA of 8.7%, but it will still be the …
My wife and I are both 65 years old. She will retire this year and I will work until I am 67. I will receive about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 a year? -Terry $90,000 a year is going to push the upper limit …
It can be difficult for the federal government to find the right financial response to an economic downturn. Too much fiscal stimulus can create excess fiscal demand and inflation, while too little fiscal stimulus can lead to a long exit from a recession that leaves the U.S. economy weak for years. Given that it may …
Rep. Ro Khanna, R-Calif., discusses the Los Angeles school strike, the Silicon Valley Bank fallout and his proposal to make Social Security solvent. Social Security recipients will benefit from a much smaller cost of living adjustment in 2024, as inflation continues to moderate from the breakneck pace seen last year. Starting in January, more than …