The No. 1 Reason Why Social Security Recipients Are Losing Their Purchasing Power

More than 60 million Americans are currently receiving Social Security benefits, 41.2 million of whom were retired workers as of the November snapshot from the Social Security Administration . Of these retired workers, both Gallup’s survey findings and data from the SSA show that Social Security is relied upon by roughly 60% of retirees to account for at least half of their monthly income.

How Much Will Medicare Cost You in 2017?

Medicare covers more than 57 million Americans, providing the healthcare coverage they need. Every year, though, the cost of Medicare typically goes up, and the program passes through those increases to its participants in the form of higher premiums, deductibles, and other expenses.

Where the heaviest-drinking Americans live

Twitter user “Comfortably Smug” tidily sums up the holiday sentiments of many of us as we wrap up 2016’s loose ends before checking out until the new year. While we here at Wonkblog don’t recommend that you “binge drink through New Year’s,” there’s no doubt that the holidays have traditionally been a time for boozing it up.

Allow state to use federal funds to expand broadband

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India’s Top Oil Producer Spends $1.2 Billion to Buy Gas Block

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports. State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State Petroleum Corp.’s deepwater block in the Krishna Godavari basin, it said in a statement on Friday.

Investors Betting on Oil Price Drop Flee as Production Cuts Near

Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Texas Intermediate crude prices to the lowest level since August 2014 as the Organization of Petroleum Exporting Countries and other crude-exporters prepare to start curbing output in January.