2023 will bring historic changes for retirees on Social Security

(Katie Brockman) Social Security can go a long way toward making retirement more affordable, but as inflation continues to rise, it is becoming increasingly difficult for fixed-income retirees to make ends meet. Fortunately, relief could be on the horizon. Next month, the Social Security Administration (SSA) will announce cost of living (COLA) for the year … Read more

US online casino gambling set for expansion

Wayne Barry The Associated Press Atlantic City, NJ – With sports betting spreading across the country as states, casinos and consumers eagerly embrace the new gambling market, online casino games have grown much more slowly. Participants at a major casino conference on Friday said that the online casino market has huge potential for growth and … Read more

1 thing you should check before claiming Social Security | Smart Change: Personal Finance

(Adam Levy) As you approach your retirement date, it’s time to start defining your plans more precisely. A large part of any retirement plan is Social Security. Although there may be discussion about the optimal time to apply and different claiming strategies to improve your money, there is one thing you should check, no matter … Read more

Here’s how an increase in federal interest rates will affect your retirement plan — for better or worse Personal Finance

(Ryan Downey) The stock market fell this week after August Consumer Price Index He noted that inflation was higher than expected. Combined with the decent employment report, this inflation data opened the door to continued interest rate hikes by the Federal Reserve. Higher rates will have a few significant impacts on different asset classes, and … Read more

How much will your Social Security benefits increase in 2023 based on current inflation? | Smart Change: Personal Finance

(Bram Berkowitz) New inflation data for August sent the market lower earlier this week, with Dow Jones Industrial Average It gave up a staggering 1,250 points on Tuesday as inflation came in higher than expected last month. Inflation data doesn’t just affect the markets; It also plays a big role in determining how much to … Read more

The Economists’ View of Artificial Intelligence: Beyond the Power of Cheaper Prediction

Artificial intelligence takes on predictive power; Humans retain control. GT There has been no lack of interest in the capabilities of AI, along with related concerns about bias, data validity, costs, and employee resistance. But we may be missing the most important point when it comes to the ultimate impact of AI, argues one prominent … Read more