latest news in economy
Social Security Adjustments Expected to Increase Monthly Benefit Payments in 2027
Washington, Sunday, 11 October 2026.
The Social Security Administration plans to announce a projected 3.5 percent cost-of-living increase on October 14, potentially raising average monthly benefits by $73 to combat ongoing inflation.
Borrowing Costs for Homebuyers Reach Highest Level in Three Years
Washington, Sunday, 11 October 2026.
US home loan rates reached a three-year high of 7.4 percent in October 2026, causing refinancing demand to plunge 56 percent year-over-year as elevated borrowing costs freeze housing market activity.
Jeff Bezos Predicts AI Will Shorten the Workweek and Shift the Job Market
Seattle, Sunday, 11 October 2026.
Amazon founder Jeff Bezos predicts artificial intelligence will boost productivity enough to enable three-day workweeks and single-income households, unexpectedly driving labor shortages rather than widespread job losses.