Cost-of-Living Adjustment COLA Information

For example, in 2023, the third-quarter average CPI-W was 3.2 percent higher than it was in the third quarter of 2022. The average monthly retirement benefit will increase from $1,848 to $1,907, and the average benefit for disabled workers will go up from $1,489 to $1,537, according to the SSA. The COLA amount is typically […]

What Does It Mean When Liabilities Are Negative On Balance Sheet?

For example, imagine a company reports $1,000,000 of cash on hand at the end of the month. Without context, a comparative point, knowledge of its previous cash balance, and an understanding of industry operating demands, knowing how much cash on hand a company has yields limited value. When analyzed over time or comparatively against competing […]