BoomerVille: Social Security COLA at 2.8%, Medicare Monthly Part B Premium Possibly Boosted to $206.50 (maybe it's time to become solopreneur)
Inflation is at 3%. And the Social Security COLA for 2026 is at 2.8%.
On the average that means $56 in the monthly check. $21.50 of that, though, could go each month toward paying the increase of the Part B Medicare premium. For 2026, that could be $206.50 per month.
So, in BoomerVille there isn't a feeling of financial security. Some will enter the new year with the necessity of dipping into savings and/or withdrawing from investment accounts.
Sure, there'll be those who luck out and land paid work, full-time, part-time or gig. But there won't be many of them. Actually, those who can generate income from working will primarily be the self-employed. They found a gap in what people need or want and figured out how to fill it. Probably they'll operate as solopreneurs.
In my coaching, the majority of clients over-50 are becoming solopreneurs. Their focus is on getting business and providing the service/product. Not supervising employees or being responsible for a payroll.
UPDATE:
Meanwhile the Dow is doing quite well.
Thrown off your game, maybe the first time since you
started working? You made all the right moves and then the world moved in
another direction.
Intuitive Coaching. Special expertise with transitions,
reskilling and aging. Psychic/tarot readings, upon request. Complimentary
consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com).
Yes, test out the chemistry. Zero risk.
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