Could 2023's Monster Social Security Increase Signal a Bear-Market Bottom?
Social Security recipients can breathe a little easier now. On Thursday, they learned how much their benefits will increase next year -- 8.7%. That will be the largest cost-of-living adjustment (COLA) for the program in 41 years.
It's possible that this news could allow investors to breathe a little easier as well. You might not think that Social Security's annual COLAs have any bearing whatsoever on the stock market. But there is a connection. Could the monster Social Security increase even signal a bear-market bottom?
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Source Fool.com
