Today is Global Hug Your Kids Day, so if you are a parent who needs more of an excuse to give your children a loving bear hug — don’t waste the opportunity. Then, come back and get the lowdown on today’s top financial stories.
By Gary Dudak
The Big Lead: Record Pay Raises on Deck in 2023
The tight labor market will push 2023 salaries up by their highest percentage in 15 years, according to a new survey from advisory firm Willis Tower Watson, but the extra pay might not do much to offset rising prices.
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More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
Social Security Spotlight: No Matter Your Age, Do Not Claim Benefits Until You Reach This Milestone
There’s a magic number to know that can help you maximize your Social Security income when you are ready to retire. And it’s not the number you might think it is.
Bonus: 15 Best States To Live on Just a Social Security Check
All of the states on the list have rents far below the national average of $1,067.80, and they are almost exclusively from the Midwest and the South. The most affordable states are listed in reverse order, with the most affordable state listed last.
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