|
Wall Street drifts after mixed data on the US economy ABC NewsStock market today: Dow, S&P 500 slip, Nasdaq snaps three-day losing streak as Tesla climbs to record Yahoo FinanceStock futures are little changed as traders absorb shaky U.S. economic data: Live updates CNBCWall St ends mixed, he
|
|
Jobs Report Live Updates: U.S. Unemployment Rate Rose in November, a Warning Sign for Economy The New York TimesAmerica's job market just got some troubling news CNNVeteran unemployment rates bump up in job market hit by layoffs YahooPayrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBCJobless rate rises, adding to Trump's economic messaging woes
|
|
Atlanta Fed President Raphael Bostic said he thought the economy was no longer in danger of a sharp rise in the unemployment rate that might spur a recession.
|
|
Unemployment rate rises, signaling weakness in the economy The Washington PostAmerica's job market just got some troubling news CNNVeteran unemployment rates bump up in job market hit by layoffs YahooPayrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBCJobless rate rises, adding to Trump's economic messaging woes Polit
|
|
Private Sector Job Growth Fuels President Trump's Economy The White House (.gov)America's job market just got some troubling news CNNCNBC Daily Open: Beware confirmation bias in U.S. jobs report for November CNBCWhite House Shrugs Off Rise in Unemployment Rate The New York Times
|
|
Inflation, rising food prices and the high cost of living has been top of mind for consumers all year. But then Olive Garden offers an unlimited pasta meal or a chain steakhouse restaurant sells a steak dinner with two sides for less than 30 bucks. So, how are chains are able to keep prices as low as they do in this economy?
|
|
Are you thinking of retiring soon? Perhaps earlier than you had planned years ago? A potential hurdle could be the incentives set up by the Social Security Administration - they calculate your benefits to reward you for staying in the workforce.
But if you are looking to take an early retirement, you're not alone.
SEE MORE What If I Retired Today?
In the first 15 months of the COVID pandemic (March 2020-May 2021), about 2.5 million Americans retired. That was about twice the number of people who retired in 2019. This means there were essentially 1.2 million fewer people in the workforce over the age of 55 than would otherwise be expected.
First, find out what Social Security benefits you can expect
For anyone born in 1943 or later, your full retirement age, as defined by the Social Security Administration, is between age 66 and 67, based on your birth year. If you're contemplating retiring before that, it's important to know that the Social Security program has been orchestrated to incentivize beneficiaries to delay claiming benefits. Specifically:
If you start taking benefits at age 62, your Retirement Benefit will shrink by 25% to 30%, depending on your birth year. That's because your lifetime annual benefits are decreased by approximately 8% for each year prior to your full retirement age you start to claim them.Conversely, your lifetime annual benefits increase by 8% for each year past your full retirement year if
|
|
