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Rising costs in housing, food, and energy outpace Social Security COLA, pressuring retirees' budgets.

Market News
23 Mar 2026
247 Wallst
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Bearish
pluang ai news

In early 2026, Social Security's cost-of-living adjustment (COLA) of 2.8% seemed to keep pace with inflation, but key expenses for retirees like shelter and food have risen faster, eroding the real value of benefits. The February CPI showed stable headline inflation at 2.4%, but this masks rising costs in essentials. An oil price surge due to the Iran war, not yet reflected in CPI data, threatens to push inflation higher, potentially leading to a larger COLA for 2027. Retirees on fixed incomes face increasing financial strain as inflation in critical areas outpaces official adjustments.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Garmin launches G2000 PRIME, a premium flight deck for high-performance piston and electric aircraft.

Garmin launches G2000 PRIME, a premium flight deck for high-performance piston and electric aircraft.

Garmin introduced the G2000 PRIME, a new integrated flight deck designed for high-performance Class I/II piston and electric aircraft. It features large, edge-to-edge touchscreen displays with advanced multi-touch capabilities, faster processors, and...

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4 hours ago
UniFirst named to Selling Power's 60 Best Companies to Sell For list for 23rd year straight.

UniFirst named to Selling Power's 60 Best Companies to Sell For list for 23rd year straight.

UniFirst Corporation has been recognized on Selling Power's 60 Best Companies to Sell For list for the 23rd consecutive year, highlighting its strong sales culture and support for sales professionals. The list evaluates companies on compensation, tra...

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Bullish
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Reactive Hot Melt Adhesives market to hit $4.29B by 2035, driven by automotive and furniture demand.

Reactive Hot Melt Adhesives market to hit $4.29B by 2035, driven by automotive and furniture demand.

The global Reactive Hot Melt Adhesives market is projected to grow from USD 2.02 billion in 2025 to USD 4.29 billion by 2035, at a CAGR of 7.72%. Growth is fueled by regulations limiting solvent adhesives, increased use of polyurethane adhesives in a...

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Montero completes deep drillhole at Elvira Gold Project, confirming key geological targets with assays pending.

Montero completes deep drillhole at Elvira Gold Project, confirming key geological targets with assays pending.

Montero Mining completed drillhole MON-ELV-02 to 625.25 meters at its Elvira Gold Project in Chile, successfully testing its top exploration target. The hole confirmed predicted volcanic and porphyry sequences with extensive pyrite and high-sulphidat...

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