Starting next year, Social Security benefits will rise 1.7 percent — or about $20 a month based on an average monthly Social Security payment of $1,192. That increase, or cost-of-living adjustment (COLA), has been pegged to the consumer price index (CPI) since 1975. It’s one of several ways to measure inflation. So, how do we measure the CPI?
The strength of Minnesota’s economy put Democratic Gov. Mark Dayton and Republican nominee Jeff Johnson at odds Wednesday night in an opening debate that also saw skirmishes over health care and transportation.
Minnesota Gov. Mark Dayton is airing his first political campaign ad of the year. He takes credit for “coaching” Minnesota to an economic turnaround. But did that really happen? The ad shows Dayton behind the bench, coaching a hockey team (Minnesota) that was down, but not out. It’s mostly true, but it leaves out important details.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Some small business owners say the recession is coming to an end. However for them, it’s not quite the same as it was before.
The economy in nine Midwest and Plains states will likely continue to grow at a slow pace with little chance of another recession, according to a monthly survey of business managers released Monday.
CBS Moneywatch editor at large Jill Schlesinger joined John Hines on the WCCO Morning News to preview the start of a turbulent week on Wall Street
Just a week ago the experts said if the US Congress failed to raise the debt ceiling the stock market would certainly crash and the rating on the US debt would almost certainly be downgraded.
Republican congresswoman Michele Bachmann says that if she’s elected president “it won’t take that long” for her to turn around the ailing economy.
Charitable giving is down in Minnesota, but the state remains one of the most generous in the country.
State agriculture officials say more than 100 dairy farmers have called it quits so far this year.
The day after Thanksgiving is affectionately known as “Black Friday.” It’s one of the busiest shopping days of the year. But expect to see a lot of those door-busting deals earlier this year, due largely to the recent recession.
The Great Recession has had the effect of letting the rich get richer and the poor get poorer, according to a recently released study. Don Shelby says that’s no longer breaking news. But one class of worker is seeing a lot less business.