Social Security sets its 2026 COLA increase at 2.8%. Here's what that means for your benefits.

Social Security sets its 2026 COLA increase at 2.8%. Here’s what that means for your benefits.

The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for 2026, an increase that will automatically boost monthly payments for the program’s roughly 75 million beneficiaries starting early next year. The increase represents an uptick from the last year’s cost-of-living adjustment, or COLA, which set the 2025 increase at 2.5%. Inflation has edged higher…

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Wholesale turkey prices soar ahead of Thanksgiving. Here's what's behind the surge.

Wholesale turkey prices soar ahead of Thanksgiving. Here’s what’s behind the surge.

Turkeys aren’t known for flying but their prices are soaring ahead of the Thanksgiving holiday. A September outlook report from the United States Agriculture Department estimates that wholesale prices for frozen turkeys will be $1.32 per pound this year, a 40% increase from 2024’s average of $0.94 per pound.  The wholesale price is what retailers pay…

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California restaurant owner says tariffs, inflation leave him "barely breaking even"

California restaurant owner says tariffs, inflation leave him “barely breaking even”

Inglewood, California — One family’s legacy, an Italian restaurant called Sunday Gravy that’s been operating for decades, is now “barely breaking even,” owner Sol Bashirian says, as tariffs and inflation are eating into its profits. “It’s just the reality of where the food industry is at,” Bashirian told CBS News, noting he’s spending thousands of…

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