How the Medicare premium hike could impact your Social Security check
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
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A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
No. 18 Michigan will meet No. 13 Texas in the Citrus Bowl in Orlando, Florida, on Dec. 31, the bowl game's organizers announced Sunday.
A 14-year-old boy is recovering after he was stabbed at a hotel in Royal Oak Township on Saturday night, according to the Michigan State Police.
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
The recall involves INIU 100,000mAh portable power banks, model BI-B41that were sold on Amazon between August 2021 and April 2022, the recall notice says.
Police in Muskegon, Michigan, are investigating after a man and woman were killed, and three other people were injured in a shooting on Saturday.
No. 18 Michigan will meet No. 13 Texas in the Citrus Bowl in Orlando, Florida, on Dec. 31, the bowl game's organizers announced Sunday.
In Oakland County, Michigan, some scammers are working hard to make sure their pockets end up delightful this holiday season.
Michigan Army veteran Ed Bambas, 88, started working again after losing his pension. But thanks to the kindness of strangers, he received a life-changing gift to allow him to retire a second time.
Police in Muskegon, Michigan, are investigating after a man and woman were killed, and three other people were injured in a shooting on Saturday.
A bipartisan Michigan House bill would let the state install technology around state-owned buildings and critical infrastructure that detects unmanned aircraft or prevents them from flying overhead, according to the Legislature's website.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
RoboCop has found a permanent home in Detroit — all 11 feet and 3,500 pounds of him.
The recall involves INIU 100,000mAh portable power banks, model BI-B41that were sold on Amazon between August 2021 and April 2022, the recall notice says.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
FIFA released the World Cup schedule on Saturday that will feature 104 matches spread across 11 cities in the United States, with three in Mexico and two in Canada.
Michael Annett won the Xfinity Series' season-opening race at Daytona International Speedway in 2019.
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Women who have a doula are 47% less likely to have a cesarean delivery and a 29% lower chance of having a preterm delivery, according to a study published in the National Library of Medicine.
No. 18 Michigan will meet No. 13 Texas in the Citrus Bowl in Orlando, Florida, on Dec. 31, the bowl game's organizers announced Sunday.
Cade Cunningham had 23 points and 12 assists and the Detroit Pistons beat Milwaukee 124-112 on Saturday night to end the Bucks' 15-game winning streak in Detroit.
The Detroit Lions (8-5) would not be in the playoffs if they started next week, but the two-time defending NFC North champions have a chance to play their way in.
FIFA released the World Cup schedule on Saturday that will feature 104 matches spread across 11 cities in the United States, with three in Mexico and two in Canada.
Michael Annett won the Xfinity Series' season-opening race at Daytona International Speedway in 2019.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
Temperatures remain below average through the week
Defense Secretary Pete Hegseth spent his Saturday at a forum in California. During the event, he made it clear that the Trump administration's mission is to sink vessels containing drugs bound for America. Hegseth's comments come as he remains under scrutiny for multiple strikes on a suspected drug boat in the Caribbean. Willie James Inman has more.
The National Association for the Advancement of Colored People Detroit Branch partnered with 70 different Black-owned small businesses across Detroit in an effort to convince consumers to support local entrepreneurs during the holiday season.
Two Henry Ford Health hospitals have been buying gifts for kids. The health system's Providence Foundation has been putting on the Christmas Store since the 80s. On Saturdays, volunteers delivered the gifts to families driving by the Henry Ford Providence Southfield Hospital.
The holidays are usually a joyous time, but the season can be tough for families who have lost loved ones due to crime. Veronica Ortega looks into what Crime Stoppers of Michigan is doing to help.