personal income

Ascent/ Pks Media Inc. | Photodisc | Getty ImagesCurrent Social Security beneficiaries are poised to receive an 8.7% boost to their benefits for 2023 starting this month, thanks to the highest cost-of-living adjustment in 40 years.If…

Secretary of Labor Marty Walsh speaks during a news conference at the White House in Washington, April 2, 2021.Erin Scott | ReutersMost American workers dream of a comfortable retirement.Yet many find their money falls short of meeting…

In 2018, I started experimenting with side hustles to pay off my $40,000 of debt in credit cards and student loans.Today, I've accomplished that goal — and more. In 2021, I built enough income streams to quit my $98,500-per-year…

Skynesher | E+ | Getty ImagesIt's still an employees' market, even amid high inflation and talk of a possible recession.But there are some signs that could start to change.One key reason: The Federal Reserve's 0.75 percentage point…

In 2017, after I graduated from college, I started working as an engineer at an oil company. I was 23 and making $98,500 a year.At first, I thought I had my dream job. But after seeing senior leaders work 60-hour weeks with routine…

Sporrer/Rupp | Image Source | Getty ImagesMarket drops may stoke retirees' fears that they will no longer have enough assets to live on.But it turns out that may not be the biggest financial risk they should be watching for in…

Paul Burns | Getty ImagesClaiming Social Security retirement benefits early means locking in a lower benefit amount for life.Yet a recent survey of U.S. adults ages 26 and up by Nationwide Retirement Institute found that claiming early…

An activist holds a placard demanding a $15 an hour minimum wage and tips for restaurant workers during a rally to call for additional relief for restaurants in Washington, D.C., on Feb. 8, 2022.Mandel Ngan | AFP | Getty ImagesRecord…

Kevin Dietsch | Getty ImagesSocial Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be.Based on new Consumer Price Index data for…

A Social Security Administration office in San Francisco.Getty ImagesA new Social Security trustees report points to a slightly longer time horizon for the program's trust funds.But even with a new depletion date of 2035 — a year later…