How the Social Security Payment Increase Will Affect Businesses

Author: Katherine Crusse On October 13th, the Social Security Administration announced that benefits will increase by 1.3% in 2022. This is the largest hike since 2017, when benefits increased by 2%. The last time benefits increased by less than 1.3% was in 2010. For business owners and entrepreneurs, it’s important to understand how this increase will affect your employees and […]

Key Takeaways From The Wholesale Inflation Report

Author: Bryan Silo The Bureau of Labor Statistics reported that the Producer Price Index for final demand rose 0.8% in April, after rising 0.5% in March and 0.4% in February. On a year-over-year basis, producer prices have increased 4.2%. Inflation at the wholesale level accelerated in April, as the Producer Price Index (PPI) for final demand rose 0.8%, the U.S. […]