The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Title: The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Article Snip: "“A major storm impacting the Gulf Coast and nearby refineries will likely lead to a spike in gas prices for a few weeks,” AAA spokesperson Andrew Gross told CNBC. Such circumstances could affect the 2024 COLA. “The COLA estimate will go up if the price of gasoline jumps considerably,” Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League (TSCL), told the news outlet. “The COLA estimate might go down if gas and oil prices drop.”..."

Reference: yahoo.com
WTI vs. CPI vs. COLA, Bidenomics,Inflation 2023,Destruction of Retirees,

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Huntsville Alabama | A City Council That Is Attempting to Increase Water Rates by 35%

Title: Huntsville Utilities proposes 35% water rate increase

Article Snip: "Huntsville city council members held a first reading for a proposal allowing Huntsville Utilities to raise water rates by 35%..."

Reference:WAFF
Huntsville Alabama,Cities With High Utility Costs,Destruction of the Working Class,Huntsville City Council, Water Rates in Huntsville Alabama, High Cost Cities,Inflation 2023,Bidenomics,

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The great unretirement! How droves of employees are now being forced BACK to the workplace as inflation hammers their savings - here's what to know before you quit work

Title: The great unretirement! How droves of employees are now being forced BACK to the workplace as inflation hammers their savings - here's what to know before you quit work

Article Snip: "An estimated 1.5 million retirees re-entered the labor market in the year up to May 2022, according to an analysis of Labor Department data by Indeed economist Nick Bunker for The Washington Post. This is a reversal of the trend which saw millions of people fleeing the workforce during and following the Covid-19 pandemic. And according to a study by payroll services company Paychex this year, one in six retired Americans are now considering going back to work. ..."

Reference: www.dailymail.co.uk
Retirement under Democrats,Inflation 2023,Biden Legacy,Biden Economy 2023,

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15 Cheapest States to Live In

Title: 15 Cheapest States to Live In

Article Snip: "...The rise in inflation over the last year has led many Americans to consider shifting to states with a lower cost of living. The annual inflation rate rose to 9.1% in June 2022 to its highest level since the 1980s. To combat the raging inflation, the US Federal Reserve has already raised the benchmark interest rates...a significant number of Americans migrated out of states such as New York, California, Illinois, Pennsylvania, and Massachusetts. Meanwhile..."

Reference: yahoo.com
Inflation 2023,Less Expensive States to Live ,

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‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Title: ‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Article Snip: "One common refrain was the shock of dealing with the huge jump in food prices – especially on meat, fruits and vegetables. Food prices have seen their largest annual increase in 41 years. And the cost of groceries jumped 10.8% between April 2021 and April 2022. But of course, inflation’s reach goes far beyond the supermarket. Here’s how these retirees say they are coping...her rent will be increased by $200 a month – a 14% jump...Her expectations for retirement were very different than her present reality. “I didn’t expect the level of stress financially. I truly didn’t. I worked for 50 years. ...electricity and natural gas commonly used for heating and cooling homes, was up 30.3% year-over-year. Plans to buy a new car are also tabled. “The starting price for a new Jeep is $15,000 more than my house cost..."

Reference: www.cnn.com
Inflation 2023, Retirees vs Inflation,Destruction of Retirees,