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Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

KEY POINTS The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released Monday. On the projected depletion date, 83%… Read More »Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

McDonald’s and other big brands warn that low-income consumers are starting to crack

KEY POINTS Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has dominated corporate America’s discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in… Read More »McDonald’s and other big brands warn that low-income consumers are starting to crack