Since 1975, the Social Security Administration has reviewed the cost of living to influence benefit increases, which they refer to as Cost-of-Living Adjustments (COLA).
A traditional savings account is a fantastic way to set aside funds for the future. But there are options that give your financial life the boost it needs to catch up during periods of high inflation.
Credit bureaus look at several factors when determining your score. This includes how long you’ve had credit, your payment history, and your credit utilization rate (which measures how much of your available credit is currently in use), among other things.