Social Security’s COLA spike would still leave problems for many seniors

The expected surge in the 2023 Social Security cost-of-living adjustment, or COLA, would be a gain not seen in four decades, but it still leaves millions of seniors in poverty. Based on recent inflation figures, some experts forecast that the 2023 COLA could be as high as 8.7%. A COLA of 8.7% is extremely rare … Read more

Food prices see highest increase since 1979 — and this key staple is up nearly 40% on last year

Food prices continued to rise in August, putting pressure on lower- and middle-income households in particular. Food to prepare at home rose by 13.5% in the month compared to last year, the highest rate of growth since March 1979, government data show. The rise in the cost of living was 8.3% year-over-year in August. Food, … Read more

Food Prices Could Stay High Due to Surging Energy Costs

Text size Prices remain high for diesel, which powers roughly 75% of US farm equipment. Here, a John Deere combines, farm tractor, and grain hopper. Robert Philip | Dreamstime.com Gasoline prices have been falling for weeks, but diesel and natural-gas prices remain much higher than a year ago. It’s mainly the latter two that are … Read more

Weekend reads: The jobs market isn’t cracking — gloom turns to boom in the economy

So much for all that recession talk. At least for a day. Friday’s stronger-than-expected jobs report immediately sparked more talk that the Federal Reserve will raise interest rates by 0.75 percentage point, not just 0.50 percentage point, when policy makers next meet in September. As one economist put it, the report “is much too hot … Read more

Who gets the dog in a divorce? Laws are changing for pet custody battles.

If you think of your pet as a member of your family, you’re not alone. A study by the American Veterinary Medical Association showed 85% of dog owners and 76% of cat owners consider their pets family. Because of this, a divorce can be devastating for pet owners. When you divorce with pets, you both … Read more

Who gets the dog in a divorce? Laws are changing for pet custody battles.

If you think of your pet as a member of your family, you’re not alone. A study by the American Veterinary Medical Association showed 85% of dog owners and 76% of cat owners consider their pets family. Because of this, a divorce can be devastating for pet owners. When you divorce with pets, you both … Read more