While major stock indexes hit record highs in late October, underlying economic data reveals a troubling slowdown. This dangerous divergence between market euphoria and economic reality signals potential turbulence ahead for investors and policymakers alike.
The ongoing government shutdown has delayed the crucial Social Security cost-of-living adjustment announcement originally scheduled for this week. Millions of beneficiaries now face uncertainty as the postponement affects financial planning for 2024, with projections suggesting a 2.7% increase that recipients fear won’t cover rising costs.
The ongoing government shutdown has reportedly delayed the announcement of the annual Social Security cost-of-living adjustment, affecting planning for tens of millions of beneficiaries, according to sources familiar with the matter. Originally scheduled for Wednesday, the 2024 COLA announcement will now occur on October 24, sources indicate.
