Social Security benefits to get a boost. And, Hasan Piker defends his rhetoric
The Social Security Administration announced a 3.6% benefit increase following a rise in inflation, while geopolitical tensions and domestic legal issues continue to dominate headlines. Additionally, the article covers ongoing conflicts in Ukraine and a controversial ICE shooting incident in New York.
Why it matters
These updates impact the economic stability of retirees and reflect the complex intersection of domestic policy and international conflict.
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Consumer prices in September were 3.7% higher than they were a year ago, according to a Labor Department report . A spike in energy prices linked to the U.S. war with Iran drove up the cost of living. Excluding energy and food prices, core inflation reached 2.6% in September, up from August. The Social Security Administration announced a 3.6% increase in benefits for next year after the release of the inflation report. This annual cost-of-living adjustment is based on prices from July, August and September. Some recipients say the increase is not enough .
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