A new forecast suggests Social Security recipients could receive a cost-of-living adjustment of about 3.7% in 2027 as inflation continues to cool.
(LILAMAX)- A new forecast suggests Social Security recipients could receive a cost-of-living adjustment of about 3.7% in 2027 as inflation continues to cool. Independent Social Security analyst Mary Johnson said the latest projection is down from last month’s 4.7% estimate. If the forecast holds, the average retiree would receive about $74 more per month. The official COLA will be announced in October.
United Airlines says demand for travel remains strong, with corporate travel increasing 22%. However, the airline warned future revenue may fall short of Wall Street’s expectations as jet fuel costs climbed 84% from a year ago, adding roughly $6 billion in energy expenses.
On Wall Street, stocks finished higher across the board. The Dow Jones Industrial Average gained about 150 points, while the S&P 500 ended within half a percent of an all-time high.
Meanwhile, mortgage rates continue to rise. Freddie Mac says the average rate for a 30-year fixed mortgage has climbed to 6.6%, the highest level since August. Higher borrowing costs have prompted many prospective homebuyers to pause their home searches.
And frequent flyers have weighed in on the best airline snacks. A survey by Point.me found Delta Air Lines topped the rankings with favorites including Cheez-Its, Biscoff cookies, Sun Chips Minis and MadeGood granola bars. Delta’s partnership with Starbucks also earned the top spot for airline coffee, while respondents ranked Southwest’s snack selection last and JetBlue’s Dunkin’ coffee as the least favorite.
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