To stay current with all that’s happening in the financial world and beyond, I do quite a bit of reading. Here are a few items I came across this past week I thought were worth sharing.
Cost-of-living adjustment (COLA) information for 2020 (Social Security Administration)
The SSA announced a 1.6% increase in Social Security benefits beginning in January. Once we find out how much Medicare Part B costs will be going up (announcement should be coming soon) we’ll know if SS recipients will actually see any more money in their 2020 checks.
So you make $100,000? It still might not be enough to buy a home. (Wall Street Journal)
More 20 & 30 somethings with good incomes are continuing to rent instead of buy. In my opinion, they are missing out on one of the best ways to build long-term wealth. For some, it’s by necessity (i.e. drowning in student debt). Many others, however, are choosing to live above their means. This could come back to haunt them one day.
Why new technology is a hard sell (Morgan Housel)
In honor of World Polio Day, I thought this post was interesting as it describes the speed with which the polio vaccine was accepted and implemented in this country. Mr. Housel also presents some interesting thoughts on why most technology takes much longer to proliferate.