How President Biden linked a $15 minimum wage to student loan reform

Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Lynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy announced Wednesday to its broader push for a national $15-an-hour minimum wage. The White House detailed a long-awaited plan to forgive up … Read more

Social Security cost-of-living adjustment may be 9.6% in 2023

New government data points to signs that red-hot inflation is starting to cool. But Social Security beneficiaries may still be in for a record high cost-of-living adjustment in 2023. The Senior Citizens League, a nonpartisan senior group, now estimates Social Security benefits may increase 9.6%, based on Consumer Price Index data released Wednesday. That would … Read more

What to know if you unretire

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America … Read more

Social Security calculators help tell how benefit cut may affect you

Insta_photos | Istock | Getty Images Many Americans are pessimistic about the future of Social Security, and the pandemic has made it even worse. A recent survey found 59% of people now worry more about Social Security running out of funding than they did before the onset of Covid-19, according to the Nationwide Retirement Institute. … Read more

Panera Bread tests artificial intelligence technology in drive-thru lanes

A Panera Bread location in Spring Hill, Florida. Jeff Greenberg | Universal Images Group | Getty Images Starting Monday, drive-thru customers at two Panera Bread locations in upstate New York will have their orders taken by a computer in a test of artificial intelligence technology’s accuracy and ability to decrease service times. The sandwich chain … Read more

The 8 best options to get small business funding

For many small businesses, access to funding can be a matter of life and death. The stakes are especially high given that 18.4% of US businesses fail within the first year, 49.7% after five years and 65.5% after 10 years, according to a LendingTree analysis of data from the US Bureau of Labor Statistics. One … Read more

Financing a new car? How much you can save with excellent credit score

By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $45,869, according to a recent joint forecast from JD Power and LMC Automotive. Adding to the sting … Read more

Social Security cost-of-living adjustment could be 10.5% in 2023

Kevin Dietsch | Getty Images Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new consumer price index data for June released Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates the … Read more

New Market House restaurant launches in Cambridge

Market House, a new restaurant, café, wine bar and meeting space in Cambridge’s market square, has officially launched following an extensive refurbishment. It is situated within a beautiful five-storey, grade II-listed building – which was originally a wine merchant’s and was previously home to the popular Don Pasquale restaurant. Bill Brogan, general manager at Market … Read more

I bonds are the one investment everyone should have right now

If there is one investment every person should have right now, it is a series I bond, according to personal finance expert Suze Orman. The bond’s variable interest rate is based on inflation, which means the asset currently has a high yield. The Consumer Price Index rose 8.6% in May, the highest rate since 1981. … Read more