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monthly Social Security benefit is about $58 less than it should be per month, on average. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season And for most beneficiaries, the coming increase will still fall short of what recipients need to catch up with price increases on food and other consumer goods, Johnson said. Already, 37% of participants surveyed by the Senior Citizens League said they received low-income assistance in 2021. That is more than double the 16% who were receiving needs-based assistance before the pandemic. “Social Security was never designed to be a sole source of income for people,” Johnson said. The Social Security Administration is expected to announce the 2023 cost of living adjustment in October after the consumer price index data for September is released. Rob Wile Rob Wile is a breaking business news reporter for NBC News Digital.
Aug. 11, 2022, 6:47 PM +07 / Source: CNBC.com By Alex Sherman, CNBC Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads. The price of ad-free Disney+ will rise 38% to $10.99 — a $3 per month increase. The price of Hulu without ads will rise by $2 per month, from $12.99 to $14.99, effective Oct. 10. Hulu with ads will go up by $1 per month, rising from $6.99 to $7.99. Disney announced last month that ESPN+ with ads would go up 43% to $9.99 per month. The price increases reflect the growing operating loss for Disney’s streaming services. Disney+, Hulu and ESPN+ combined to lose $1.1 billion in the fiscal third quarter, $300 million more than the average analyst estimate, reflecting the higher cost of content on the services. The increased operating loss occurred even while Disney added about 15 million new Disney+ subscribers in the quarter, about 5 million more than analysts estimated. Netflix reports 1 million global subscriber loss
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