Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
The Social Security Administration announced this week retirees would see a 3.2% increase in benefits in 2024, an adjustment that will cost the government billions of dollars more.
The new 2024 adjustment is far more modest than this past year. The 2023 adjustment was a whopping 8.7%, which came because of how hot the inflation was in 2022. Inflation has largely declined this year, although it is still higher than it should be. Inflation was running at a 3.7% annual rate as of September. The adjustment is about in line with the Federal Reserve’s expectations for the rest of the year. The Fed predicts inflation will fall to 3.3% by the end of 2023.
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VERIFY: No, this is not the biggest year-to-year change in Social Security COLASocial security checks are expected to get a little bigger next year.
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Consumer sentiment in October plunges to lowest level in months: 'Concerns over inflation'Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
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This popular destination will increase its tourist tax in 2024This week in travel news: An ancient Italian site, a hefty European tourist tax and a bunch of bears in Alaska all got bigger..
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Mountains, meadows and mines: 3 of the best hikes in Juneau, AlaskaWith more than 250 miles of walking trails, including easy-going routes through temperate rainforests, Juneau, the state capital of Alaska, is a haven for hikers.
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OPINION: Alaska can’t move forward if we ignore the state’s future leadersThe Conference of Young Alaskans identified major goals for our state. Progress toward achieving them has been slow or nonexistent.
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Alaska’s adolescent suicide rate keeps rising. Advocates say they’re doubling down on prevention efforts.Experts say a recent increase in Alaska’s adolescent suicide rate follows national trends.
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