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Unemployment rate rises, signaling weakness in the economy The Washington PostAmerica's job market just got some troubling news CNNVeteran unemployment rates bump up in job market hit by layoffs YahooPayrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBCJobless rate rises, adding to Trump's economic messaging woes Polit
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Jobs Report Live Updates: U.S. Unemployment Rate Rose in November, a Warning Sign for Economy The New York TimesAmerica's job market just got some troubling news CNNVeteran unemployment rates bump up in job market hit by layoffs YahooPayrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBCJobless rate rises, adding to Trump's economic messaging woes
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Stock Market Today: Dow Slips After Mixed Jobs Report The Wall Street JournalAmerica's job market just got some troubling news CNNJobless rate rises, adding to Trump's economic messaging woes PoliticoPayrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBCU.S. economy adds 64,000 jobs in November, unemployment rate at 4-year high Axios
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Inflation, rising food prices and the high cost of living has been top of mind for consumers all year. But then Olive Garden offers an unlimited pasta meal or a chain steakhouse restaurant sells a steak dinner with two sides for less than 30 bucks. So, how are chains are able to keep prices as low as they do in this economy?
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Are you thinking of retiring soon? Perhaps earlier than you had planned years ago? A potential hurdle could be the incentives set up by the Social Security Administration - they calculate your benefits to reward you for staying in the workforce.
But if you are looking to take an early retirement, you're not alone.
SEE MORE What If I Retired Today?
In the first 15 months of the COVID pandemic (March 2020-May 2021), about 2.5 million Americans retired. That was about twice the number of people who retired in 2019. This means there were essentially 1.2 million fewer people in the workforce over the age of 55 than would otherwise be expected.
First, find out what Social Security benefits you can expect
For anyone born in 1943 or later, your full retirement age, as defined by the Social Security Administration, is between age 66 and 67, based on your birth year. If you're contemplating retiring before that, it's important to know that the Social Security program has been orchestrated to incentivize beneficiaries to delay claiming benefits. Specifically:
If you start taking benefits at age 62, your Retirement Benefit will shrink by 25% to 30%, depending on your birth year. That's because your lifetime annual benefits are decreased by approximately 8% for each year prior to your full retirement age you start to claim them.Conversely, your lifetime annual benefits increase by 8% for each year past your full retirement year if
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