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Aimee Picchi

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As seen in: CBS Moneywatch, NIGHTMARE MAGAZINE - Horror and Dark Fantasy Story Podcast (Audiobook | Short Stories), MSN, MSN Ireland, MSN New Zealand, Yahoo Entertainment, Yahoo Life, USA Today, Yahoo News, Aol, CBS News and
CBS MoneyWatch associate managing editor. Business and economics coverage for CBS News. Nebula finalist. aimee.picchi@cbsi.com. Opinions are my own.

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Articles

June's inflation data showed a big drop. How will that impact the 2027 Social Security COLA? Original

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By Aimee Picchi Verified
| CBS News Verified
Social Security recipients are still on track for one of the biggest cost-of-living increases in recent years, with new estimates pointing to a 3.6% to 3.8% benefit boost in 2027 after June's cooler-than-expected inflation report. The 2027 COLA could rise by 3.6%, according to the AARP, while the Senior Citizens League is forecasting a 3.8% increase, unchanged from its prior month's forecast but down from its May estimate for a 3.9% boost.
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Millions of Americans take on debt and drain savings to afford food Original

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By Aimee Picchi Verified
| CBS News Verified
Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found. More than a quarter of working-age adults who relied on credit cards to buy groceries were either unable to pay their balance in full or missed their minimum payment, according to the Urban Institute, a nonpartisan think tank.
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Millions of taxpayers have until July 10 to claim an IRS refund Original

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By Aimee Picchi Verified
| CBS News Verified
Millions of Americans may be due a refund from the IRS but face a July 10 deadline to claim the money, according to the National Taxpayer Advocate, a division of the agency that oversees taxpayer rights. The deadline stems from a federal judge's November ruling that the IRS should have suspended tax filing and payment deadlines during the COVID-19 disaster declaration, which lasted from Jan. 20, 2020, through May 11, 2023.
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