Social Security payments receive an inflation adjustment every year based on the Consumer Price Index (CPI). If inflation continues at current levels over the next 2 months, Social Security recipients will see their monthly check amounts increase by about 9.6% in 2023.
Some important updates to be aware of if you are shopping for a home and intend to take out a mortgage.
“Risk: We don’t know what is going to happen next, but we do know the data set from which the outcome derives. Uncertainty: We don’t know what is going to happen next, and we do not know what the data set or possible distributions looks like.”~ Frank Knight
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