The cost of living adjustment, or COLA, for next year will be the largest since 2023. Retirees will see the extra money in their benefit checks starting in January.
Category: Poverty
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More U.S. Households Are Struggling Financially, Analysis Finds
The New York Times – Business:Inflation and a pullback in government assistance have resulted in more people having trouble paying their bills, a nonprofit found in its annual report.
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World Bank Courts Private Financing Amid Global Debt Burden
The New York Times – Business:The World Bank president, Ajay Banga, has worked to make the development institution a magnet for private capital as donor nations face budget constraints.
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Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force
The New York Times – Business:Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.
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Roger Marshall Sued 700 Patients for Debts; 81 Were Arrested. Now He’s a Senator.
The New York Times – Business:Patients sued by Senator Roger Marshall of Kansas were routinely charged 18 percent interest, The Times found. Some had bank accounts garnished.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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A Humble 3-Wheel Electric Vehicle Lands Toyota in Federal Court
The New York Times – Business:A lawsuit filed in California claims the automaker’s philanthropic arm stole technology intended to help poor farmers, but it is not clear to what end.
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In Homeless Crisis, California ‘Is Waging a War on R.V.s’
The New York Times – Business:The R.V.s are seen as an eyesore — the most visible sign of the state’s homelessness crisis. Neighbors and politicians want them gone. The people who call them home feel under siege.
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Are Democrats Becoming a Party of Tax Cuts?
The New York Times – Business:As Democrats try to find a way back to power in Washington, some see tax cuts as a quick and easy way to address affordability. The wonks are freaking out.
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Trump Sought Vast Budget Cuts. Congress Granted Few.
The New York Times – Business:In a series of deals over the past three months, lawmakers rejected some of the president’s most aggressive attempts to whittle down the government.