good news for some of you! Social Security benefits are going to rise by 5.9% for next year, which will translate to about $92 more per month. This is the largest increase in the last four decades:
The bad news? This is where most of the extra dollars will go (for all consumers):
- Cost of energy = +9.6%
- Grocery prices = +4.5%
Overall prices are already up from last year by 5.4%.