LIC has introduced two new insurance offerings—Bima Platinum, a comprehensive protection plan, and Jeevan Raksha, a flexible life cover—expanding its portfolio ahead of a broader product launch scheduled for October 19, 2026, which will also include an annuity,…
Continue reading LIC rolls out two flagship insurance products, Bima Platinum and Jeevan RakshaThe latest Labour Force Survey from Statistics Canada shows average hourly pay climbed to $37.64, a 2.3% year‑over‑year increase. At the same time, consumer prices have risen 3% over the past year, widening the real‑wage gap to about…
Continue reading Canadian wages rise 2.3% in September but inflation outpaces gains at 3%Average hourly wages in Canada climbed to $37.64 in September, a 2.3% year‑over‑year gain, but consumer prices have risen 3% over the past year. After accounting for inflation, the typical worker’s purchasing power fell by about 0.7%, meaning…
Continue reading Canadian wages rise 2.3% in September, yet inflation outpaces pay, eroding buying powerKey developments: The Social Security Administration said it will raise the annual cost‑of‑living adjustment (COLA) by 3.6% for retirees and disabled beneficiaries starting in 2027, adding about $75 to the monthly benefit for roughly 72 million Social Security recipients…
Continue reading Social Security Announces 3.6% Cost‑of‑Living Boost for 2027Key developments – A Pew Research Center survey released this week finds that 44% of U.S. adults – more than four in ten – say they are having trouble paying for basic necessities such as medical care, rent,…
Continue reading Over 40% of Americans Struggle With Rising Costs as Inflation Hits 3.7% and Social Security Announces 3.6% COLAKey developments: – The September 2026 Consumer Price Index surged 3.7% year‑over‑year, a faster‑than‑expected rise that has pushed everyday costs higher for families across the country. – Despite the surge in prices, overall household spending held steady, with…
Continue reading US Household Spending Faces Record Inflation, Debt and Delinquency PressuresKey developments: The latest CPI data show inflation still running hot, with September’s consumer price index up 3.7% year‑over‑year, far above expectations. At the same time, households are shouldering a record $1.26 trillion in credit‑card debt, and serious delinquency…
Continue reading US Household Spending Faces Triple Pressure as Inflation, Debt and Income Gaps WidenKey developments: The latest Consumer Price Index showed a 3.7% year‑over‑year rise in September, outpacing expectations and tightening household budgets. At the same time, total consumer spending edged higher, reaching $1.86 trillion in August – a 0.54% increase from…
Continue reading US Consumer Inflation and Spending Surge to 3.7% YoY, $1.86 Trillion Spent in August 2026Key developments: Recent data from the Federal Reserve’s 2025 Survey of Consumer Finances shows a marked increase in the proportion of households for whom debt service consumes more than 40% of income, climbing from 6.5% in 2022 to…
Continue reading Consumer Debt Burden Hits New High as Families Struggle to Keep UpKey developments: Recent data from the Federal Reserve’s 2025 Survey of Consumer Finances show that the proportion of U.S. households whose debt‑service costs exceed 40% of their income has jumped from 6.5% in 2022 to 8.6% in 2025.…
Continue reading Household Debt Burden Hits New High as Share of Over‑Extended Families Rises to 8.6%
