This roundup covers Tesla's long-delayed Roadster, a prototype EV designed with SpaceX that uses air thrusters to flip midair. Many viewers doubt the footage shows real flight, and production is not planned until 2028. It also covers Mark Zuckerberg's viral grimace after sipping a Guinness on a podcast, which he addressed in a tweet saying 'that's just my face.' Finally, a study found that US retirees with at least $500,000 in investable assets are holding back on enjoyment spending, with more than half naming running out of money as their biggest concern, as rising costs and possible Social Security benefit cuts of 22% weigh on them.
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- Social Security benefits are rising , but so is inflation
The Social Security Administration announced that benefits will rise 3.6% this year, and the increase for 2027 is set to be larger than the one for 2026. The average check of $2,095 will go up $75 to $2,170 starting in January, the biggest jump since 2023 and the fifth largest since 1993. The increase responds to inflation that has raised prices for gas, groceries, electricity and housing, and almost 170,000 people in Monroe County receive benefits. AARP's Bill Sweeney said many still find it insufficient, with most people saying a 5-8% increase would help their budgets work. The taxable maximum income also rises from $184,500 to $192,300, affecting working people.
- Retirees Are Paying 30 % More for Groceries Than 6 Years Ago - Why They Could Go Higher This Winter
According to the BLS, grocery prices fell 0.1% in September, but the Center for American Progress found prices have risen about 30% over six years, placing heavy strain on retirees. For example, ground chuck averaged $6.48 per pound in September, down 29 cents from August but still about $2.32 more than in September 2020. The USDA projects average grocery prices to rise 2.4% this year, with beef and veal up 9.4% while eggs fall 29.4%. Social Security benefits will rise 3.6% from January 2027, about $75 more per month for the average retired worker, against average grocery spending of about $438 a month for households headed by someone 65 or older in 2024. The increase can help, but it won't necessarily restore what years of higher prices have taken from retirees' budgets.
- The 2027 Social Security COLA Will Boost Average Benefits by $901 Annually . Will It Be Enough ?
The 2027 Social Security cost-of-living adjustment (COLA) is 3.6%, which the article calls fairly large by historical standards and the fifth-highest in 35 years. Average monthly benefits for retired workers were about $2,087.52 in August, roughly $25,050 a year, so the increase adds about $901.80 annually. The higher adjustment follows the Iran war, which pushed oil prices and inflation up and led the Federal Reserve to raise rates once, with another hike expected before year-end. The Senior Citizens League says 2026 benefits are worth only about $0.836 on the dollar compared with 2016, a 13.7% loss in purchasing power over a decade, and argues a CPI-E measure would better reflect seniors' costs. The article concludes that high COLAs may not fully solve affordability problems for retirees.
- The 2027 Social Security COLA Will Boost Average Benefits by $901 Annually. Will It Be Enough?
The 2027 Social Security cost-of-living adjustment (COLA) is 3.6%, well above expectations at the start of 2026, and would add about $901.80 a year to average retiree benefits of roughly $25,050. It is based on CPI-W data for July to September, and the article links the higher inflation to the Iran war, which pushed up oil prices and led the Federal Reserve to raise rates once, with another hike expected before year-end. The 3.6% figure is the fifth-highest COLA in 35 years, following 5.9% in 2021 and 8.7% in 2022. Still, the Senior Citizens League found benefits in 2026 were worth only about $0.836 on the dollar compared with 2016, a 13.7% loss in purchasing power that it partly attributes to the CPI-W formula. The article concludes that high COLAs have helped somewhat but likely will not solve retirees' affordability problems.
- Social Security COLA Tracks Working Households , Not Retirees . Here How Much Bigger 2024 Raise Would Have Been .
Social Security benefits will rise 3.6% starting January 2027, based on the CPI-W index, which tracks prices for working households rather than retirees. The article argues this misses retirees' spending patterns: they spend less on food, housing and transportation but more on healthcare. Using the CPI-E index for people aged 62 and older, the 2024 raise would have been 4% instead of 3.2%, a $62 monthly increase instead of $50. The Senior Citizens League estimates beneficiaries have lost 13.7% of their buying power since 2016, and the shortfalls compound over time. Because Congress is unlikely to act quickly, retirees can offset the gap by generating more investment income or using higher-yielding savings accounts.
- What Social Security 2027 COLA Update Means for Your Future Finances
The Social Security Administration (SSA) announced on Oct. 14 a 3.6% cost-of-living adjustment (COLA) for 2027, the fifth highest in 35 years. Based on August 2026 benefit figures, the average beneficiary is projected to receive about $75 more per month in 2027, while average benefits for disabled workers and survivors are expected to rise by about $59. Medicare Part B premiums are expected to rise about 3.25% (about $6.60, to $209.50) in 2027 according to the 2026 Medicare Trustees Report, which would make 2027 the first year since 2023 that the COLA exceeds the premium increase, though the estimate is unconfirmed. Still, Social Security's reserves are projected to run out in the early 2030s without Congressional action: the OASI trust fund by late 2032, while the DI fund is projected to last through 2100.
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