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Inflation has reduced the value of social security benefits to recipients. But there will be further cuts in the long run. Experts say the increasing needs of seniors are burdening small benefit reserves. Americans are living longer because of lower lifestyle risks. Life expectancy was 47 years in 1900 and it was 76 in 2021.
The first round of Social Security checks for the month arrives on Friday. Remember: Like the January Social Security checks, the February checks also include the 2023 cost-of-living adjustment, or COLA. This year's increase boosts your benefit amount by 8.7%. The Social Security Administration disburses its checks in rounds throughout...
European regulators are targeting lenders as they look to protect consumers from excessive debt. In various guises across the continent, borrowing is on the rise. For example, earlier this month the Bank of England reported that British consumers borrowed an additional 1.5 billion pounds ($1.8 billion) in consumer credit — driven by an additional 1.2 billion pounds in credit card borrowing — above the 0.7 billion pounds borrowed in October.