Reported 8 months ago
Retirees may face a smaller increase in Social Security benefits next year based on the latest inflation data. The Consumer Price Index for Urban Wage Earners and Clerical Workers shows a lower trend, with projections indicating a 2.57% increase. Rising costs in areas like hospital services, vehicle maintenance, energy, and food away from home could impact retirees more than younger individuals. To cope, retirees are advised to monitor expenses, prioritize healthcare, and stay proactive to manage their finances effectively.
Source: YAHOO