Dividend logo

For those on Social Security, the last few years have been an absolute drag.

Higher costs have not translated into higher income. But, seniors and retirees may finally have a reason to cheer heading into next year. That’s because if various trends persist, they may finally be getting a bit of a raise when it comes to their Social Security checks. Thanks to a growing economy and higher inflation, cost of living adjustments (COLAs) are hitting their highest point in years.

For retirees, the increase in monthly benefits should come as a welcome sign and help defray the costs of higher inflation.

To read the Full Story, Go Premium or Log In

Popular Articles

Practice Management

3 Must-Read Pieces for Practice Management: June 17 Edition

Every month, we bring you a curated list of must-read articles geared towards helping you grow...

News

Philip Morris, American Tower Corp and Chubb Ltd Go Ex-dividend This Week

There are many securities going ex-dividend this week starting Monday, June 17. For income...

Premium Stock%20market%20volatility
News

The Market Wrap for June 14: The More Things Change, The More They Stay the Same

This week continued the swings, albeit with less intensity as the previous month or so. Investors...