Social Security Changes and the Impact of Rising Inflation | Weekly Business Briefs w/ Martin Perdomo
Is it time to rethink your retirement strategy? We bring you the latest insights on how upcoming changes to Social Security benefits might affect your financial plans. With inflation on the rise, Social Security benefits are set to follow suit, but high earners and early retirees should prepare for some trade-offs. During this segment, we discuss why it's crucial to build personal assets that generate passive income, ensuring financial independence in your golden years.
Shifting gears, we dissect the rollercoaster of recent US job reports and what they mean for your wallet. While the job market appears strong with rising wages, inflation continues to squeeze your budget, and skyrocketing housing and gas prices add to the financial strain. Despite these challenges, there are signs that the Federal Reserve's measures to control inflation are beginning to take effect. Tune in as we explore the complexities of the current economic landscape and the balancing act required to maintain stability for consumers and businesses alike.
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