High inflation points to bigger Social Security cost-of-living adjustment for 2023

Tara Moore | Getty Images Retirees who are feeling the pinch of higher prices, take heart: There could be a much bigger Social Security cost-of-living adjustment next year. A preliminary estimate from The Senior Citizens League, a non-partisan senior group, finds that the 2023 cost-of-living adjustment, or COLA, could be as high as 7.6%, based on the latest Consumer Price Index data. In comparison, the Social Security COLA for 2022 in January was 5.9%, the highest bump in 40 years. Data released Thursday found that the Consumer Price Index for all…

Read More

DeRozan delivers career-best performance with 52 points

DeMar DeRozan scored a team record 52 points as the Toronto Raptors won their 12th straight home game with a 131-127 overtime victory over the Milwaukee Bucks on Monday. DeRozan shot 17-of-29 from the floor and made all 13 of his free throw attempts for Toronto, who are a league best 14-1 at home. He is the third Toronto player in history to score 50 or more points, joining Vince Carter and Terrence Ross, who each scored 51. “When you come out here and you’re in those moments, you’ve got…

Read More